Standard & Poor’s affirms Fortum’s BBB long-term rating, with a negative outlook
FORTUM CORPORATION INVESTOR NEWS 19 MARCH 2020 AT 20:00 EET Today Standard & Poor’s has resolved its CreditWatch Negative placement for Fortum by affirming its current BBB long-term rating, with a negative outlook. As previously stated, Fortum’s key objective is to have a solid investment-grade rating of at least BBB to preserve financial flexibility and good access to capital markets. Standard & Poor’s assessment is in line with Fortum’s objective. The resolution on the rating by Standard and Poor’s follows the completion of all regulatory steps allowing Fortum to close the