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BULLETIN: Fortum Ratings Unaffected By Share Buyback Program And Capital Structure Guidelines

Published Feb 06, 2006

405 words — Published Feb 06, 2006

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Abstract:

STOCKHOLM (Standard&Poor's) Feb. 6, 2006--Standard&Poor's Ratings Services said today that its ratings and outlook on Finland-based energy utility Fortum Oyj (A-/Stable/A-2) are unaffected by the company's new guidelines regarding its target capital structure and its proposed €1 billion share buyback program for the coming three years. Fortum has also reached an agreement to acquire E.ON Finland in 2006 for €750 million, and plans to pay out €980 million in dividends, of which €473 million will consist of profits from the disposal of its oil operations in 2005. Due to the above cash outflows, which in 2006 total €2.23 billion, Fortum's debt is expected to increase significantly and credit measures are likely to weaken as a result,

Brief Excerpt:

RESEARCH BULLETIN: Fortum Ratings Unaffected By Share Buyback Program And Capital Structure Guidelines Publication date: 06-Feb-2006 STOCKHOLM (Standard & Poor's) Feb. 6, 2006--Standard & Poor's Ratings Services said today that its ratings...

Report Type:

Bulletin

Ticker

FUM1V@FH

Issuer

Fortum Oyj

GICS

Electric Utilities (55101010)

Sector

Global Issuers

Country

Finland

Region

Europe, Middle East, Africa

Format:

HTML

Summary: Fortum Oyj – 2006/03/27 – US$ 225.00

Fortum Oyj – 2006/11/06 – US$ 500.00

Summary: Fortum Oyj – 2006/11/06 – US$ 225.00

Summary: Fortum Oyj – 2007/05/03 – US$ 225.00

Summary: Fortum Oyj – 2007/07/11 – US$ 225.00

BULLETIN: Fortum Oyj To Buy City of Espoo's E.ON Finland Shares; No Ratings Effect – 2005/12/21 – Free

Summary: Fortum Oyj – 2005/11/04 – US$ 225.00

Long-Term Rating On Finland-Based Fortum Oyj Raised To 'A-' On Lower Risk; Outlook Stable – 2005/08/12 – US$ 150.00

Research Update: Long-Term Rating On Finland-Based Fortum Oyj Raised To 'A-' On Lower Risk; Outlook Stable – 2005/08/12 – US$ 225.00

Summary: Fortum Oyj – 2005/08/02 – US$ 225.00

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MLA:	S&P Global Ratings’ Credit Research. "BULLETIN: Fortum Ratings Unaffected By Share Buyback Program And Capital Structure Guidelines" Feb 06, 2006. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-Fortum-Ratings-Unaffected-By-Share-Buyback-Program-And-Capital-Structure-Guidelines-491385>

APA:	S&P Global Ratings’ Credit Research. (). BULLETIN: Fortum Ratings Unaffected By Share Buyback Program And Capital Structure Guidelines Feb 06, 2006. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-Fortum-Ratings-Unaffected-By-Share-Buyback-Program-And-Capital-Structure-Guidelines-491385>

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