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38FE Fingrid 29

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Name Symbol Market Type
Fingrid 29 LSE:38FE London Medium Term Loan
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 0 -

Fitch Ratings has upgraded Fingrid Oyj's rating to ‘A+’; outlook stable

09/11/2022 4:45pm

GlobeNewswire Inc.


Fingrid 29 (LSE:38FE)
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From Jan 2022 to Jan 2025

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Fitch Ratings has upgraded Fingrid Oyj's rating to ‘A+’; outlook stable

International credit rating agency Fitch Ratings ("Fitch") has upgraded Fingrid Oyj's Long-Term Issuer Default Rating (IDR) to 'A+' from 'A' and senior unsecured rating to ‘AA-‘ from 'A+'. 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 Chief Financial Officer Jukka Metsälä says: ”Fingrid has the largest investment program in company’s history underway and this program has a central role in enabling Finland’s transition to a clean energy system. Stable and predictable regulation lays a foundation to corporate finance, which makes possible the realisation of these investments. I am glad that we can support our clients in achieving their emission targets in a cost efficient way.”

Fingrid's 'A+' rating is the highest that Fitch assigns to a regulated network in Europe.

For more information: Chief Financial Officer Jukka Metsälä, Fingrid Oyj, tel. +358 40 563 3756

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