S&P Global Ratings affirms Fortum’s long-term rating of BBB following Uniper support package, outlook negative
FORTUM CORPORATION INVESTOR NEWS ON 3 AUGUST 2022 AT 18:45 EEST S&P Global Ratings (S&P) has resolved Fortum’s Credit Watch Negative placement by affirming the current BBB long-term credit rating with negative outlook. On 5 July 2022, S&P placed Fortum’s and its subsidiary Uniper’s credit rating on CreditWatch Negative. The resolution on the rating by S&P follows the announcement made on 22 July 2022 that Fortum, Uniper and the German government have agreed on a comprehensive stabilisation package for Uniper. To address the impacts of the Russian gas curtailment on Uniper, the