Fitch Ratings affirms Fortum’s long-term rating of BBB with stable outlook
FORTUM CORPORATION INVESTOR NEWS 18 MARCH 2024 AT 10:15 EET
Fitch Ratings (Fitch) has affirmed Fortum’s current long-term credit rating at BBB with stable outlook. According to Fitch, the affirmation reflects the company's strong and well-managed generation fleet as well as its solid financial profile and commitment to maintain a prudent capital structure.
Fortum’s financial position is very strong and the company’s objective is to maintain a credit rating of at least BBB. At the end of 2023, Fortum’s ratio for financial net debt to comparable EBITDA was at a low level of 0.5 times compared to the maximum level of 2.0-2.5 times.
Fitch Ratings’ report is available as an attachment to this release.
Fortum Corporation
Ingela Ulfves
Vice President, Investor Relations and Financial Communications
Further information:
Analysts and investors:
Ingela Ulfves, Vice President, Investor Relations and Financial Communications, tel. +358 40 515 1531
Rauno Tiihonen, Director, IR, tel. +358 10 453 6150
Jouni Huttunen, VP, Treasury, tel. +358 50 452 4649
Media:
Fortum News Desk +358 40 198 2843
