Bulletin: Fortum's Management Changes At Uniper Show A Push To Accelerate Cooperation, With Debt Reduction Still Key - S&P Global Ratings’ Credit Research

Bulletin: Fortum's Management Changes At Uniper Show A Push To Accelerate Cooperation, With Debt Reduction Still Key

Bulletin: Fortum's Management Changes At Uniper Show A Push To Accelerate Cooperation, With Debt Reduction Still Key - S&P Global Ratings’ Credit Research
Bulletin: Fortum's Management Changes At Uniper Show A Push To Accelerate Cooperation, With Debt Reduction Still Key
Published Apr 02, 2021
3 pages (1472 words) — Published Apr 02, 2021
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Abstract:

PARIS (S&P Global Ratings) April 2, 2021--S&P Global Ratings today said that the recent management level changes at Uniper SE might support the delivery of outlined synergies of €50 million by 2023 and €100 million by 2025. Given we had observed signs of increasing cooperation between the two companies, the abrupt change of management triggered by 76.1% shareholder Fortum Oyj indicates that the integration process has not been as smooth as previously outlined. We think it signals Fortum's move to accelerate the process of strategy execution between the two companies. However, deleveraging at Fortum remains the fundamental factor to maintaining the 'BBB' ratings on Fortum and Uniper. We note Fortum's adjusted funds from operations (FFO) to debt is set to

  
Report Type:

Bulletin

Ticker
FUM1V@FH
Issuer
Fortum Oyj
GICS
Electric Utilities (55101010)
Sector
Global Issuers
Country
Finland
Region
Europe, Middle East, Africa
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Fortum's Management Changes At Uniper Show A Push To Accelerate Cooperation, With Debt Reduction Still Key" Apr 02, 2021. Alacra Store. May 12, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Fortum-s-Management-Changes-At-Uniper-Show-A-Push-To-Accelerate-Cooperation-With-Debt-Reduction-Still-Key-2622187>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Fortum's Management Changes At Uniper Show A Push To Accelerate Cooperation, With Debt Reduction Still Key Apr 02, 2021. New York, NY: Alacra Store. Retrieved May 12, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Fortum-s-Management-Changes-At-Uniper-Show-A-Push-To-Accelerate-Cooperation-With-Debt-Reduction-Still-Key-2622187>
  
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