Moody’s keeps Outokumpu’s corporate family rating unchanged but changes outlook on ratings to negative
Outokumpu Oyj
Press release
May 27, 2019 at 5.30 pm EEST
Moody’s keeps Outokumpu’s corporate family rating unchanged but changes outlook on ratings to negative
Moody’s Investors Service has decided to maintain Outokumpu’s B1 corporate family rating and the B1-PD probability of default rating. In addition, Moody’s affirms the Ba3 instrument rating on the Group’s senior secured notes due 2024. The outlook on all ratings has been changed from stable to negative.
For more information:
Investors: Tommi Järvenpää, VP, Investor Relations, tel. 8
Media: Reeta Kaukiainen, EVP, Communications and IR, tel. 4
Outokumpu Oyj
Outokumpu is the global leader in stainless steel. We aim to be the best value creator in stainless steel by 2020, through our competitive edge of customer orientation and efficiency. The foundation of our business is our ability to tailor stainless steel into any form and for almost any purpose. Stainless steel is sustainable, durable and designed to last forever. Our customers use it to create civilization’s basic structures and its most famous landmarks as well as products for households and various industries. Outokumpu employs 10,000 professionals in more than 30 countries, with headquarters in Helsinki, Finland and shares listed in Nasdaq Helsinki.
