Moody’s confirms that Outokumpu’s Ba2 corporate family rating and stable outlook remains unchanged

Outokumpu Corporation
Press release
August 14, 2024 at 9.00 pm EEST

Moody’s confirms that Outokumpu’s Ba2 corporate family rating and stable outlook remains unchanged

Moody’s has reviewed Outokumpu’s credit rating and confirms that the Ba2 corporate family rating and stable outlook remains unchanged. In May 2023, Moody’s upgraded Outokumpu’s corporate family rating to Ba2 from the previous rating of Ba3 and changed the outlook on the rating from positive to stable.

“We are very pleased that Moody’s recognizes Outokumpu’s strong financial position and our profit improvement initiatives. We have the strongest balance sheet in the stainless steel industry and I am very proud of that,” says CFO Marc-Simon Schaar.

Outokumpu’s current corporate family rating is the best credit rating, since the company obtained its first corporate family rating in 2016 from Moody’s.

For more information:

Outokumpu media desk, tel. +358 40 351 9840

Outokumpu Corporation

Outokumpu is accelerating the green transition as the global leader in sustainable stainless steel. Our business is based on the circular economy: our products are made from 95% recycled materials, which we then turn into fully recyclable stainless steel. This steel is utilized in various applications across society, including infrastructure, mobility, and household appliances. We are committed to 1.5°C target to mitigate climate change, and with up to 75% lower carbon footprint than the industry average, we support our customers to reduce their emissions. Together, we are working towards a world that lasts forever. Outokumpu Corporation employs approximately 8,500 professionals in close to 30 countries, with headquarters in Helsinki, Finland and shares listed in Nasdaq Helsinki. Read more: www.outokumpu.com