Fitch Ratings changed TVO’s credit rating outlook to stable
On 18 March 2022, Fitch Ratings (Fitch) affirmed its long-term credit rating BBB- for Teollisuuden Voima Oyj (TVO) and changed the outlook from negative to stable.According to Fitch, the stable outlook reflects operational progress on TVO’s Olkiluoto 3 EPR (OL3) plant unit, following the grid connection and start of electricity production on 12 March 2022, as well as the satisfactory agreement reached with the Areva-Siemens supplier consortium for the partial financial coverage of the project delay until September 2022.