Fortum Oyj Upgraded To 'A/A-1' On Application Of Revised Methodology; Off Credit Watch Positive; Outlook Stable - S&P Global Ratings’ Credit Research

Fortum Oyj Upgraded To 'A/A-1' On Application Of Revised Methodology; Off Credit Watch Positive; Outlook Stable

Fortum Oyj Upgraded To 'A/A-1' On Application Of Revised Methodology; Off Credit Watch Positive; Outlook Stable - S&P Global Ratings’ Credit Research
Fortum Oyj Upgraded To 'A/A-1' On Application Of Revised Methodology; Off Credit Watch Positive; Outlook Stable
Published Sep 21, 2009
1171 words — Published Sep 21, 2009
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

We recently revised our methodology for rating government-related entities (GREs). We are raising our long-term corporate credit rating on Finland-based integrated utility Fortum Oyj to 'A' from 'A-', and removing it from CreditWatch, where it was previously placed with positive implications. The stable outlook reflects our expectation that Fortum's core Nordic power generation business will continue to perform satisfactorily, even if power prices decline over the short term. STOCKHOLM (Standard&Poor's) Sept. 21, 2009--Standard&Poor's Ratings Services said today that it had 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,

  
Brief Excerpt:

RESEARCH Fortum Oyj Upgraded To 'A/A-1' On Application Of Revised Methodology; Off Credit Watch Positive; Outlook Stable Publication date: 21-Sep-2009 Primary Credit Analyst: Mark Schindele, Stockholm (46) 8-440-5918; mark_schindele@standardandpoors.com...

  
Report Type:

Ratings Action

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

  
MLA:
S&P Global Ratings’ Credit Research. "Fortum Oyj Upgraded To 'A/A-1' On Application Of Revised Methodology; Off Credit Watch Positive; Outlook Stable" Sep 21, 2009. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Fortum-Oyj-Upgraded-To-A-A-1-On-Application-Of-Revised-Methodology-Off-Credit-Watch-Positive-Outlook-Stable-747542>
  
APA:
S&P Global Ratings’ Credit Research. (). Fortum Oyj Upgraded To 'A/A-1' On Application Of Revised Methodology; Off Credit Watch Positive; Outlook Stable Sep 21, 2009. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Fortum-Oyj-Upgraded-To-A-A-1-On-Application-Of-Revised-Methodology-Off-Credit-Watch-Positive-Outlook-Stable-747542>
  
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