Standard & Poor's removed TVO's credit rating from CreditWatch Negative


On 22 March 2018, Standard & Poor's Rating Services (S&P) affirmed its long-term corporate credit rating 'BB+' on Teollisuuden Voima Oyj (TVO) and removed it from CreditWatch Negative, where it had been placed on 17 October 2017. The outlook is stable.
According to S&P, the stable outlook is due to the OL3 EPR settlement agreement signed by TVO and the OL3 supplier consortium companies which will provide the plant supplier with the capacity and incentives to complete the OL3 EPR project with no material delay or cost overrun for TVO.

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