Moody’s upgrades Outokumpu’s corporate family rating to Ba2 – outlook stable

Moody’s upgrades Outokumpu’s corporate family rating to Ba2 – outlook stable

Moody’s has upgraded Outokumpu’s corporate family rating to Ba2 from the previous rating of Ba3. At the same time, Moody’s changed the outlook on the rating from positive to stable.

“Outokumpu is now financially stronger than ever, and we have the strongest balance sheet in the stainless steel industry. With our improved capabilities we are able to create value also in more challenging market conditions. We are very pleased that Moody’s recognizes our improved resilience and has upgraded our corporate family rating once again” says CFO Pia Aaltonen-Forsell.

Outokumpu’s current corporate family rating is the best credit rating, since the company obtained its first corporate family rating in 2016 from Moody’s.

For more information:

Investors: Linda Häkkilä, Head of Investor Relations, tel. +359 400 719 669

Media: Päivi Allenius, VP – Communications & Brand, tel. +358 40 753 7374 or Outokumpu media desk, +358 40 351 9840

Outokumpu Oyj