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Research Update: Fortum Oyj 'BBB+/A-2' Ratings Placed On CreditWatch Negative On Possible Adverse Impacts Of Planned Uniper Acquisition

Published Sep 22, 2017

6 pages (2282 words) — Published Sep 22, 2017

Price US$ 225.00 | Buy this Report Now

About This Report

Abstract:

Finnish power company Fortum Oyj has announced its intention to acquire E.ON.'s 46.65% stake in German energy company Uniper, and the transaction could evolve into a full cash takeover currently valued at €8 billion. If the acquisition materializes, we see rising leverage and a potential weakening of the business risk profile as key risks to Fortum Oyj's credit profile. We are therefore placing our 'BBB+/A-2' ratings on Fortum Oyj on CreditWatch with negative implications. We aim to resolve the CreditWatch within the coming months as we gain visibility on the potential acquisitions' outcome and we review the resulting company's business and financial risk profiles. On Sept. 22, 2017, S&P Global Ratings placed its 'BBB+' long-term and 'A-2' short-term corporate credit

Brief Excerpt:

...Finnish power company Fortum Oyj has announced its intention to acquire E.ON.'s 46.65% stake in German energy company Uniper, and the transaction could evolve into a full cash takeover currently valued at 8 billion....

Report Type:

Research Update

Ticker

FUM1V@FH

Issuer

Fortum Oyj

GICS

Electric Utilities (55101010)

Sector

Global Issuers

Country

Finland

Region

Europe, Middle East, Africa

Format:

PDF

Research Update: Fortum Downgraded To 'BBB' On Weakening Credit Metrics After Its Acquisition Of About 47% Of Uniper; Outlook Negative – 2018/01/18 – US$ 225.00

Research Update: Fortum Affirmed At 'BBB' Following Final Outcome Of Takeover Offer For Uniper; Outlook Remains Negative – 2018/02/16 – US$ 225.00

Fortum Oyj – 2018/12/05 – US$ 500.00

Summary: Fortum Oyj – 2018/12/05 – US$ 225.00

Fortum Oyj – 2019/08/14 – US$ 500.00

Fortum Oyj – 2017/08/14 – US$ 500.00

Summary: Fortum Oyj – 2017/08/14 – US$ 225.00

Research Update: Finnish Power Company Fortum Affirmed At 'BBB+/A-2' On Healthy Financial Position; Outlook Stable – 2017/06/28 – US$ 225.00

Fortum Oyj – 2016/07/21 – US$ 500.00

Summary: Fortum Oyj – 2016/07/21 – US$ 225.00

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About the Author

Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Research Update: Fortum Oyj 'BBB+/A-2' Ratings Placed On CreditWatch Negative On Possible Adverse Impacts Of Planned Uniper Acquisition" Sep 22, 2017. Alacra Store. May 12, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Fortum-Oyj-BBB-A-2-Ratings-Placed-On-CreditWatch-Negative-On-Possible-Adverse-Impacts-Of-Planned-Uniper-Acquisition-1919833>

APA:	S&P Global Ratings’ Credit Research. (). Research Update: Fortum Oyj 'BBB+/A-2' Ratings Placed On CreditWatch Negative On Possible Adverse Impacts Of Planned Uniper Acquisition Sep 22, 2017. New York, NY: Alacra Store. Retrieved May 12, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Fortum-Oyj-BBB-A-2-Ratings-Placed-On-CreditWatch-Negative-On-Possible-Adverse-Impacts-Of-Planned-Uniper-Acquisition-1919833>

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