S&P Global Ratings affirms Fortum’s long-term rating of BBB and downgrades Uniper to BBB-, both with negative outlook
FORTUM CORPORATION INVESTOR NEWS ON 16 MAY 2022 AT 20:23
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. Fortum’s subsidiary Uniper’s long-term credit rating was downgraded by one notch from BBB to BBB- also with negative outlook. S&P also confirms Fortum’s liquidity as ‘adequate’ and business risk as ‘satisfactory’. Both Fortum and Uniper have had the investment grade rating of BBB from S&P since 2018.
According to S&P, the rating outcome reflects a weakened business profile due