S&P Global Ratings has downgraded its ratings on Fingrid Oyj to ‘A+/A-1’, outlook stable
February 14 2024 - 10:20AM
UK Regulatory
S&P Global Ratings has downgraded its ratings on Fingrid Oyj to
‘A+/A-1’, outlook stable
Stock Exchange Release 14 February 2024 at 18:20 EET
International rating agency S&P Global Ratings (S&P) has
lowered its long-term and short-term ratings on Fingrid to ‘A+/A-1’
from ‘AA-/A-1+’. The outlook is stable. Fingrid’s ‘A+’ rating
incorporates one notch of uplift under S&P’s methodology for
Rating Government-Related Entities.
Fingrid’s Chief Financial Officer Jukka
Metsälä says: “Fingrid continues the implementation
of the largest investment programme in its history to achieve
Finland’s carbon neutrality target. Finland’s benefit has been
predictable regulation, which has enabled one of the cleanest
electricity systems and lowest electricity transmission tariffs in
Europe. Sudden changes in the regulatory environment increase the
uncertainty related to investments in the green transition.”
For more information:
Chief Financial
Officer Jukka Metsälä, Fingrid Oyj, tel. +358 40 563 3756
Fingrid 29 (LSE:38FE)
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