Fortum Oyj Receives Positive Credit Rating Upgrade from Fitch Ratings
Fortum Oyj, a utility company operating in the electric utilities industry, has received a credit rating upgrade from Fitch Ratings. The company’s long-term rating has been upgraded to BBB+ with a stable outlook.
Reasons for the Upgrade
The upgrade reflects Fortum’s continued debt reduction since 2023 and its expected low net debt-to-cash flow ratio of around 1.8 times between 2025 and 2028.
Impact on Fortum’s Financial Health
This upgrade is a significant development for Fortum, as it is a crucial factor for investment-grade companies like Fortum. The company’s financial health and stability have been positively impacted by the credit rating upgrade.
Market Reaction
The company’s stock price has been relatively stable, with a slight increase in recent days. Fortum’s market capitalization remains at a high level.
Key Statistics
- Long-term credit rating: BBB+
- Outlook: Stable
- Net debt-to-cash flow ratio (2025-2028): around 1.8 times