S&P Global Ratings places Fortum’s BBB long-term rating on Credit Watch Negative
FORTUM CORPORATION INVESTOR NEWS 14 MARCH 2022 AT 16:25 EET S&P Global Ratings (S&P) has today placed Fortum’s and its subsidiary Uniper’s long-term BBB ratings on CreditWatch Negative. Since 2018, Fortum and Uniper have had the investment-grade rating of BBB from S&P. The underlying reasons for the CreditWatch Negative are severe geopolitical tensions and uncertainty following Russia’s attack on Ukraine and the risk of possible curtailments of gas supplies from Russia. Uniper's gas midstream business comprises a portfolio of approximately 370 TWh of long-term gas supply contracts, of