Frankfurt am Main, January 11, 2016 -- Moody's Investors Service, ("Moody's") has today assigned a provisional (P)Caa1 (LGD2) rating to the proposed Qualified Securitisation Financing (QSF) Exchange Notes due December 2026 by Norske Skog AS. Further, Moody's downgraded the rating of the EUR290 million senior secured notes due Dec-2019 issued by Norske Skog AS to Caa2 (LGD3) from Caa1 (LGD2).

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