Fitch Ratings has upgraded Fingrid Oyj's rating to ‘A+’; outlook stable
November 09 2022 - 11:45AM
Fitch Ratings has upgraded Fingrid Oyj's rating to ‘A+’; outlook
stable
International credit rating agency Fitch Ratings ("Fitch") has
upgraded Fingrid Oyj's Long-Term Issuer Default Rating (IDR) to
'A+' from 'A' and senior unsecured rating to ‘AA-‘ from 'A+'. Fitch
has affirmed the Short-Term IDR at ‘F1’. The outlook on the ratings
is stable. The ratings do not incorporate any uplift from state
majority ownership.
Fingrid’s Chief Financial Officer Jukka Metsälä says: ”Fingrid
has the largest investment program in company’s history underway
and this program has a central role in enabling Finland’s
transition to a clean energy system. Stable and predictable
regulation lays a foundation to corporate finance, which makes
possible the realisation of these investments. I am glad that we
can support our clients in achieving their emission targets in a
cost efficient way.”
Fingrid's 'A+' rating is the highest that Fitch assigns to a
regulated network in Europe.
For more information: Chief
Financial Officer Jukka Metsälä, Fingrid Oyj, tel. +358 40 563
3756
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