Standard & Poor's placed TVO's credit rating 'BB+' on CreditWatch Negative


On 17 October 2017, Standard & Poor's Rating Services (S&P) placed its long-term corporate credit rating 'BB+' on Teollisuuden Voima Oyj (TVO) on CreditWatch with negative implications.
According to S&P, the CreditWatch placement reflects the risk that TVO’s financial flexibility could diminish as a result of additional delays or weaker counterparties in the Olkiluoto 3 EPR project (AREVA SA faces higher risk of a liquidity squeeze; one of TVO’s key shareholders Fortum Oyj’s credit quality is under pressure) that could further increase TVO’s high financial leverage.

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