Outokumpu – Moody’s changes Outokumpu ratings’ outlook to stable and affirms corporate family rating

Outokumpu Oyj
Press release
February 16, 2021 at 2.30 pm EET

Outokumpu – Moody’s changes Outokumpu ratings’ outlook to stable and affirms corporate family rating

Moody’s Investors Service has changed the outlook of Outokumpu’s ratings to stable from negative and affirmed the current ratings. Therefore, Outokumpu’s corporate family rating remains B3, the probability of default rating B3-PD and the instrument rating on Outokumpu’s senior secured notes due June 2024 remains B2.

For more information:

Investors: Linda Häkkilä, Manager, Investor Relations, tel. +358 400 719 669

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

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 10,000 professionals in more than 30 countries, with headquarters in Helsinki, Finland and shares listed in Nasdaq Helsinki. www.outokumpu.com