Outokumpu – Moody’s upgrades Outokumpu’s issuer corporate family rating to B1
Outokumpu OyjPress releaseNovember 6, 2017 at 4.30 pm EET Moody’s has upgraded Outokumpu’s issuer corporate family rating to B1 from the previous rating of B2 and probability default rating to B1-PD from the previous B2-PD. Moody’s has also upgraded the ratings for Outokumpu’s senior secured notes to Ba3 from the previous rating of B1. The outlook of all ratings is stable. Says CFO Chris de la Camp: “We are pleased that Moody’s has noted our improved operational performance and balance sheet and has consequently upgraded our ratings. Further reduction of net debt and improving