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Standard & Poor's downgraded TVO's credit rating from 'BBB-' to 'BB+'; Outlook stable

23.5.2016

​ On 23 May 2016, Standard & Poor's Rating Services (S&P) lowered its long- and short-term corporate credit ratings on Teollisuuden Voima Oyj (TVO) from 'BBB-/A-3' to 'BB+/B'. The outlook S&P assessed as stable.

​According to Standard & Poor's, the downgrade of TVO's credit rating reflects that TVO's cost competitiveness has weakened further because of the deterioration in Finnish power prices and future price expectations. This may weaken the cost competitiveness the company offers its shareholders, particularly once the OL3 plant unit is commissioned in 2018/2019.

For more information, please contact:
Lauri Piekkari, Senior Vice President, Treasury, Tel. +358 9 6180 6110

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