22.05.2014 - Norway Loses Reputation as Stable Investment as Firms Recoil
Norway is facing lawsuits from investors in the nation’s gas pipelines, including Allianz AG (AGFHREI) and Abu Dhabi’s sovereign wealth fund. They are seeking to reverse a 2013 decision by the government to cut the tariffs they can charge to transport fuel by as much as 90 percent. The reductions were proposed less that 1 1/2 years after Norway ended its support for the then AAA and now junk-rated lender Eksportfinans ASA, roiling bond markets as far away as Japan...........................................Full Article: Source
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