Moody’s downgrades Outokumpu’s corporate family rating and changes the outlook on ratings to stable

Outokumpu Oyj
Press release
November 22, 2019 at 8.45 am EET

Moody’s downgrades Outokumpu’s corporate family rating and changes the outlook on ratings to stable

Moody’s Investors Service has decided to downgrade Outokumpu’s corporate family rating to B2 from B1 and the probability of default rating to B2-PD from B1-PD. Concurrently Moody’s downgraded the instrument rating of the Group’s senior secured notes due in 2024 to B1 from Ba3. The outlook of all ratings has been changed to stable from negative.

For more information:

Investors: Aki Vesikallio, Manager, Investor Relations, tel. +358 50 544 8925

Media: Corporate communications, tel. +358 9 421 3840

Outokumpu Oyj


Outokumpu is the global leader in stainless steel. We aim to be the best value creator in stainless steel by 2020, through our competitive edge of customer orientation and efficiency. The foundation of our business is our ability to tailor stainless steel into any form and for almost any purpose. Stainless steel is sustainable, durable and designed to last forever. Our customers use it to create civilization’s basic structures and its most famous landmarks as well as products for households and various industries. Outokumpu employs 10,000 professionals in more than 30 countries, with headquarters in Helsinki, Finland and shares listed in Nasdaq Helsinki. www.outokumpu.com