*M-REAL´S RATING BY MOODY´S DOWNGRADED
M-real Corporation Stock Exchange Bulletin 11.11.2004 at 2.15 p.m.
M-REAL´S RATING BY MOODY´S DOWNGRADED
Moody´s Investors Services has downgraded M-real Corporation´s rating
to Ba2. The outlook for the rating is stable. In July, Moodys
Investors Services placed M-real on Credit Watch Negative for a
possible lowering of its credit rating.
M-REAL CORPORATION
Corporate Communications
For additional information contact M-real´s Chief Financial Officer
Juhani Pöhö tel. +358 50 598 7607 mobile