Nordic Semiconductor ASA Maintains Stable Outlook

Nordic Semiconductor ASA (GB:0FF9) has released an update.

Nordic Credit Rating (NCR) has affirmed the ‘BBB-‘ long-term issuer rating for Nordic Semiconductor ASA, with a stable outlook and consistent short-term ratings, indicating a potential market recovery and financial stability. The company’s low financial leverage is expected to stabilize due to a rebound in free operating cash flow and efforts to reduce inventory and normalize supply chains.

For further insights into GB:0FF9 stock, check out TipRanks’ Stock Analysis page.