Fitch Ratings affirms Fortum’s long-term rating of BBB, revises outlook to stable
FORTUM CORPORATION INVESTOR NEWS 21 MARCH 2023 AT 17.40 EET
Fitch Ratings (Fitch) has affirmed Fortum’s current long-term credit rating at BBB and has revised the outlook from negative to stable. According to Fitch, the change in outlook mainly reflects the positive impact of the Uniper exit for Fortum's credit profile and the company’s commitment to maintain an adequate capital structure with high scrutiny in capex allocation prioritising profitability over growth. Fitch assesses that the company is well positioned to benefit from the strong fundamentals for clean power generation.