Fitch affirms Fortum’s long-term rating of BBB, changes outlook to negative
FORTUM CORPORATION INVESTOR NEWS 23 JUNE 2022 AT 21:50 EEST
Fitch Ratings has affirmed Fortum’s current long-term credit rating at BBB, but has revised the outlook from stable to negative. According to Fitch, the revision in outlook reflects mainly the growing risks related to a further gas market disruption across the EU due to a potential stoppage of Russian gas flows. Fitch sees that this would have a negative impact especially for Fortum’s subsidiary Uniper, potentially triggering also liquidity tension for Fortum.
Fitch assesses that Fortum’s liquidity position is solid as Fortum