PRESS RELEASE 4 April 2013
Fortum and Fitch Ratings have entered into an agreement over rating services as
of April 2013. Fitch will provide a rating of Fortum Corporation and any
subsequently issued securities issued under Fortum's Euro Medium Term Note
program. Fitch's current long term issuer default rating of Fortum Corporation
is A-, negative outlook.
In addition, Fortum continues to hold a contract on rating services with
Standard & Poor's. The long term rating with Standard and Poor's is currently
A-, negative outlook.
Fortum purchases financial services, including rating services, on a
competitive basis. All services are evaluated and tendered periodically.
Jan Seveborg, Group Treasurer, Fortum Corporation. Tel +358 10 45 29164
Fortum's purpose is to create energy that improves life for present and future
generations. We provide sustainable solutions that fulfill the needs for low
emissions, resource efficiency and energy security, and deliver excellent value
to our shareholders. Our activities cover the generation, distribution and
sales of electricity and heat as well as related expert services.
Fortum's operations focus on the Nordic countries, Russia, Poland and the
Baltics. In the future, the integrating European and fast-growing Asian energy
markets provide additional growth opportunities. In 2012, Fortum’s sales
totalled EUR 6.2 billion and comparable operating profit was EUR 1.7 billion.
We employ approximately 10,400 people. Fortum’s shares are quoted on NASDAQ OMX
Further information: www.fortum.com