International credit rating agency Fitch Ratings (“Fitch”) has downgraded Fingrid Oyj’s Long-Term Issuer Default Rating (IDR) to ‘A’ from ‘A+’. Fitch has also revised Fingrid’s Standalone Credit Profile (SCP) to ‘a’ from ‘a+’ and its senior unsecured debt to ‘A+’ from ‘AA-’. Fitch has affirmed the Short-Term IDR at ‘F1’. The outlook on the ratings is stable. The ratings do not incorporate any uplift from state majority ownership.
For more information:
Jussi Pohjanpalo, Chief Financial Officer, tel. +358 30 395 5176
Fitch Downgrades Fingrid Oyj to ‘A’; Stable Outlook
Fingrid is Finland’s transmission system operator. We secure reliable electricity for our customers and society, and shape the clean, market-oriented power system of the future.
Fingrid delivers. Responsibly.
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