STANDARD & POOR?S DOWNGRADES RATINGS OF
M-real Corporation Stock Exchange Bulletin 17.12.2003 at 18.00
STANDARD & POORS DOWNGRADES RATINGS OF M-REAL
Standard & Poors Ratings Services has today lowered the long-term
ratings of M-real Corporation to BB+ from BBB- and its subsidiarys
Metsä Group Financial Services Oy short-term ratings to B from A-3.
The ratings outlook is stable.
Downgrade has no impact on the financing costs.
M-REAL CORPORATION
CORPORATE COMMUNICATIONS
For additional information, contact: Chief Financial Officer Heikki
Saarinen +358 50 598 7142 or Managing Director Aapo Nikunen, Metsä
Finance +358 500 848 116