Standard & Poor’s Ratings Services upgraded Metsä Board Corporation to investment grade
Standard & Poor’s Ratings Services has upgraded Metsä Board Corporation's issuer credit rating to investment grade, from BB+ to BBB-. The outlook of the rating is stable.
The upgrade reflects Metsä Board’s strong performance in 2017 and the expectation of strong cash flows in the coming years. The stability of Metsä Board’s business operations is supported by solid and long-lasting customer relationships as well as the strong market position.
At the same time, Standard & Poor’s raises the ratings of Metsä Board’s senior unsecured bonds, maturing in 2019 and 2027, from BB+ to BBB-.
The upgrade does not have an impact on Metsä Board’s current financing costs.
Jussi Noponen, CFO, tel. +358 10 465 4913
Katri Sundström, VP, Investor Relations, tel. +358 400 976 333