Inside information: S&P Global Ratings upgrades Fortum’s long-term rating to BBB+ with Stable Outlook
FORTUM CORPORATION INSIDE INFORMATION 25 MARCH 2024 AT 10:20 EET S&P Global Ratings (S&P) has upgraded Fortum’s current long-term credit rating to BBB+ with Stable Outlook. The previous rating was BBB with Stable Outlook. According to S&P, the upgrade reflects S&P’s view that Fortum's balance sheet is strong and its credit ratios are well in line with a 'BBB+' rating. S&P expects that Fortum will sustain its strong balance sheet over 2024–2026. It also assesses that the strong balance sheet provides Fortum with good protection from the impact of volatile Nordic power prices. In