Fitch Ratings has affirmed Fingrid Oyj’s rating at ‘A+’, outlook revised to Negative
February 09 2024 - 7:20AM
UK Regulatory
Fitch Ratings has affirmed Fingrid Oyj’s rating at ‘A+’, outlook
revised to Negative
Stock Exchange Release 9 February 2024 at 14:20
EET
International credit rating agency Fitch Ratings (“Fitch”) has
affirmed Fingrid Oyj’s Long-Term Issuer Default Rating (IDR) at
‘A+’ and revised the rating outlook to Negative from Stable. Fitch
has affirmed the Long-Term Senior Unsecured rating at ‘AA-’ and the
Short-Term IDR at ‘F1’. The ratings do not incorporate any uplift
from state majority ownership.
Fingrid’s Chief Financial Officer Jukka
Metsälä says: “Fingrid continues the implementation
of the largest investment programme in its history to achieve
Finland’s carbon neutrality target. Finland’s benefit has been
predictable regulation, which has enabled one of the cleanest
electricity systems and lowest electricity transmission tariffs in
Europe. Sudden changes in the regulatory environment increase the
uncertainty related to investments in the green transition.”
For more information:
Chief Financial Officer Jukka Metsälä, Fingrid Oyj, tel. +358
40 563 3756
Fingrid 29 (LSE:38FE)
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