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Standard & Poor's affirmed its previous rating for TVO but changed its outlook to negative

May 27, 2014



ENP Newswire - 27 May 2014

Release date- 23052014 - On 23 May 2014, Standard & Poor's Ratings Services affirmed its 'BBB' long-term and 'A-2' short-term corporate credit ratings to Teollisuuden Voima Oyj but revised its outlook from stable to negative.

Fitch Ratings' rating remains unchanged.

According to Standard & Poor's the negative outlook reflects the risk that lower market prices and higher production costs could permanently reduce TVO's competitiveness, which could dilute the cost advantage it offers to its shareholders over time.

On the same date, Fitch Ratings affirmed its long-term issuer default rating (IDR) and senior unsecured rating of 'BBB' and short-term rating of 'F3' to TVO. Fitch Ratings assessed TVO's outlook as stable.

Contact:

Lauri Piekkari

Tel: +358 9 6180 6110


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Source: ENP Newswire


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