15.10.2014 08:00
Stock Exchange Releases

Fingrid's rating downgraded following downgrade of Finland; outlook stable

On October 14, 2014, Standard & Poor's Rating Services (S&P) downgraded its long term global scale corporate credit rating on Fingrid Oyj to "A+" (outlook stable). The rating action follows downgrade of the Republic of Finland's rating.

The new affirmed S&P ratings are as follows: "A+" on the long term global scale, previously "AA-" and "A-1" on the short term global scale, previously "A-1+". The "K-1" rating on the Nordic regional scale was affirmed unchanged.

The stand-alone credit profile (SACP) that forms the anchor for the rating and which does not take into account any support from the Republic of Finland, remains at "a".

For more information:
Jukka Ruusunen, President and CEO, Fingrid Oyj, tel. +358 30 395 5140

Standard Poor's press release