Moody’s confirms that Outokumpu’s Ba2 corporate family rating and stable outlook remains unchanged

Moody’s confirms that Outokumpu’s Ba2 corporate family rating and stable outlook remains unchanged

Moody’s has reviewed Outokumpu’s credit rating and confirms that the Ba2 corporate family rating and stable outlook remains unchanged. In May 2023, Moody’s upgraded Outokumpu’s corporate family rating to Ba2 from the previous rating of Ba3 and changed the outlook on the rating from positive to stable.

“We are very pleased that Moody’s recognizes Outokumpu’s strong financial position and our profit improvement initiatives. We have the strongest balance sheet in the stainless steel industry and I am very proud of that,” says CFO Marc-Simon Schaar.

Outokumpu’s current corporate family rating is the best credit rating, since the company obtained its first corporate family rating in 2016 from Moody’s.

For more information:

Outokumpu media desk, tel. +358 40 351 9840

Outokumpu Corporation