Stora Enso has signed a new credit rating agreement with Fitch Ratings, as the company said in the press release received by Lesprom Network.
Fitch Ratings has assigned Stora Enso Oyj a rating of BBB- with a stable outlook. Stora Enso has also terminated its credit rating agreement with the rating agency S&P Global Ratings (Standard & Poor’s) and asked S&P to withdraw their rating, which currently is BB+ with stable outlook.
The credit rating of Stora Enso Oyj will from now on be assessed by Fitch Ratings and Moody’s Investors Service. Moody’s current rating for Stora Enso Oyj is Ba1 with positive outlook.
Stora Enso is a leading provider of renewable solutions in packaging, biomaterials, wooden constructions and paper globally.
