International credit rating agency Fitch Ratings ("Fitch") has downgraded Fingrid Oyj's Long-Term Issuer Default Rating (IDR) to 'A' from 'A+' and senior unsecured rating 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.
Fingrid's 'A' rating is the highest that Fitch assigns to a regulated network in Europe.
For more information:
Chief Financial Officer Jan Montell, Fingrid Oyj, tel. +358 40 592 4419
Fingrid Oyj takes care of the functioning of the nation-wide high-voltage grid, the backbone of electricity transmission. We transmit electricity continuously from electricity generating companies to distribution network companies and industrial companies. We take care of the cross-border connections and promote the functioning of the electricity market. Fingrid makes sure that Finland obtains electricity without disturbances.
www.fingrid.fi
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