S&P Global Ratings affirms Fortum’s subsidiary Uniper’s long-term rating of BBB- with negative outlook following German government support
FORTUM CORPORATION INVESTOR NEWS ON 29 JULY 2022 AT 21:30 EEST S&P Global Ratings (S&P) has resolved Fortum’s subsidiary Uniper’s Credit Watch Negative placement by affirming the BBB- long-term credit rating with a negative outlook. On 5 July 2022, S&P placed Fortum’s and Uniper’s credit rating on CreditWatch Negative. According to S&P, Uniper is now considered as a government-related entity with a high likelihood of support. At the same time, S&P sees Uniper’s stand-alone credit quality to have weakened. The negative outlook reflects S&P’s view that Uniper will continue to operate