Outokumpu – Moody’s upgrades Outokumpu’s issuer corporate family rating to B2
Outokumpu OyjPress releaseMay 22, 2017 at 3.30 pm EET Moody’s has upgraded Outokumpu’s issuer corporate family rating to B2 from the previous rating of B3 and probability default rating to B2-PD from the previous B3-PD. Moody’s has also upgraded the ratings for Outokumpu’s senior secured notes, due 2019 and 2021, to B1 from the previous rating of B2. The outlook on the ratings is positive. Says CFO Chris de la Camp: “We are pleased that Moody’s has noted our improved profitability and strengthened balance sheet and has upgraded our rating. Reducing the net debt further remains