Standard & Poor’s and Moody’s Investors Service started to rate Fortum's long-term credit in October 2002.
In July 2005, Moody's Investors Service upgraded Fortum's long-term senior unsecured rating to A2. The outlook is stable.
In August 2005, Standard & Poor's assigned an A- (stable) rating for Fortum.
On Sept. 21, 2009, Standard & Poor's Ratings Services raised its long-term corporate credit rating on Finland-based integrated utility Fortum Oyj to 'A' from 'A-', and removed it from CreditWatch, where it was placed on June 30, 2009, with positive implications.At the same time, the short-term credit rating was raised to 'A-1' from 'A-2'. The outlook is stable.
On Dec. 9, 2011, Standard & Poor's Ratings Services revised its outlook on Finnish power utility Fortum Oyj to negative from stable. At the same time, S&P affirmed the 'A/A-1' long- and short-term issuer credit ratings.
Fortum's long-term credit rating from Moody’s was A2 (stable).
Rating agencies
| Lead analyst |
Paul Lund, tel. +44 207 772 1955 |
Alf Stenqvist, tel. +46 8 440 5925 |
|---|
| Credit rating outlook |
A2 stable |
A Negative |
|---|
| Latest change |
15 July 2005 |
9 December 2011 |
|---|
Fortum Research Update by Standard&Poor's 4 April 2012 (pdf, 0,5 MB)
Standard & Poor’s Financial Services LLC, provides independent financial information, analytical services, and credit ratings to the world’s financial markets. For more information on Standard & Poor’s, visit http://www.standardandpoors.com.
Moody's Fortum Oyj Credit Opinion 16 March 2012 (pdf, 82 kb)
For more information on Moody's, visit www.moodys.com.