Outokumpu – Moody’s changes outlook on the rating from stable to positive

Outokumpu Oyj
Press release
September 15, 2022 at 9.30 am EET

Outokumpu – Moody’s changes outlook on the rating from stable to positive

Moody’s has affirmed the Ba3 corporate family rating of Outokumpu Oyj and changed the outlook to positive from stable.

“We are pleased that Moody’s recognizes that Outokumpu is now better positioned financially in a more challenging environment,” says Outokumpu CFO Pia Aaltonen-Forsell. “We have significantly reduced our net debt and improved our profitability, while at the same maintaining a sufficient liquidity. Outokumpu is now financially stronger than ever and more resilient to withstand also more challenging economic environments.”

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

For more information: 

Investors: Linda Häkkilä, Head of Investor Relations, tel. +358 40 071 9669 

Media: Outokumpu media desk, tel. +358 40 351 9840

Outokumpu is the global leader in stainless steel. 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 some 9,000 professionals in more than 30 countries, with headquarters in Helsinki, Finland and shares listed in Nasdaq Helsinki. www.outokumpu.com