Fitch Downgrades Teollisuuden Voima Oyj to ‘BBB+’

Fitch Ratings has downgraded Teollisuuden Voima Oyj’s (TVO) Long-term Issuer Default Rating (IDR) and senior unsecured rating to ‘BBB+’ from ‘A-’ and affirmed its Short-term IDR at ‘F2’.

In its announcement Fitch remarks that the ratings and stable outlook for the Long-term IDR reflects TVO's position as a highly competitive not-for-profit nuclear generator in Finland, producing at-cost electricity for its six shareholders.

For further information, please contact:
Lauri Piekkari, Senior Vice President, Treasury, tel. +358 (0) 9 6180 6110.