Moody’s upgraded Metsä Board to investment grade
Metsä Board Corporation Stock Exchange Release 23 January 2019 at 4 pm EET
Moody’s Investors Services has upgraded Metsä Board Corporation's issuer credit rating to investment grade, from Ba1 to Baa3. The outlook of the rating is stable.
The upgrade reflects continuous improvement of Metsä Board's business profile through 2018 and strong financial position. The stable outlook is based on expectations that in the near future company will retain a good operational performance and a healthy capital structure.
The upgrade does not have an impact on Metsä Board’s current financing costs.
Metsä Board has also credit ratings issued by S&P Global Ratings. The company’s rating by S&P Global Ratings is BBB- (investment grade) with stable outlook.
The ratings of Metsä Board’s senior unsecured bonds, maturing in 2019 and 2027, are both investment grade.
METSÄ BOARD CORPORATION
Jussi Noponen, CFO, tel. +358 10 465 4913
Katri Sundström, VP, Investor Relations, tel. +358 400 976 333
Metsä Board is a leading European producer of premium fresh fibre paperboards including folding boxboards, food service boards and white kraftliners. Our lightweight paperboards are developed to provide better, safer and more sustainable solutions for consumer goods as well as retail-ready and food service applications. We work together with our customers on a global scale to innovate solutions for better consumer experiences with less environmental impact. The pure fresh fibres Metsä Board uses are a renewable resource, traceable to origin in sustainably managed northern forests.The global sales network of Metsä Board supports customers worldwide, including brand owners, retailers, converters and merchants. In 2017, the company’s sales totalled EUR 1.8 billion, and it has approximately 2,350 employees. Metsä Board, part of Metsä Group, is listed on the Nasdaq Helsinki.
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