S&P Global Ratings affirms Fortum’s long-term rating of BBB, revises outlook to stable
FORTUM CORPORATION INVESTOR NEWS 9 MARCH 2023 AT 16:30
S&P Global Ratings (S&P) has affirmed Fortum’s current long-term credit rating at BBB, and has revised the outlook from negative to stable. According to S&P the stable outlook reflects the rating agency’s assumption that Fortum's cash flow from power generation will remain significant, but volatile in 2023 and 2024, with electricity prices above historical levels. The rating agency assesses that Fortum has a strong position in the Nordics with an already very low emission profile that supports the business risk profile. It believes