Telenor has official ratings from Moody’s investors services (Moody’s) and Standard & Poor’s rating services (S&P). Based on regular reviews from the agencies and a close dialogue, the financial performance of Telenor Group is evaluated and potential rating changes communicated to the financial markets.

Rating Agency

Long-term (outlook)

Short-term

Updated

Rating history

S&P

A- (stable)

A-2

9 July 2025

S&P Credit rating history

Moody’s

Baa1 (positive)

Prime-2

24 February 2026

Moody’s Credit rating history