Moody's upgrades Outokumpu's issuer corporate family rating to Ba3 - the best credit rating since its first launch in 2016
Moody's upgrades Outokumpu's issuer corporate family rating to Ba3 - the best credit rating since its first launch in 2016
HELSINKI, Nov. 15, 2021 /PRNewswire/ -- Moody's has upgraded Outokumpu's issuer corporate family rating by two notches from B2 to Ba3. This is the best credit rating Outokumpu has had since the first launch of the rating in 2016, and already the second upgrade this year. The previous upgrade from B3 to B2 took place in May when Outokumpu prepaid its loans from financial institutions by EUR 210 million with the proceeds of the directed share issue.
赫爾辛基2021年11月15日/美通社/--穆迪將Outokumpu的發行人企業家族評級從B2上調兩個級距至Ba3。這是自2016年首次推出該評級以來，烏託昆普獲得的最好信用評級，也已經是今年的第二次上調。上一次從B3升級到B2是在5月份，當時Outokumpu用定向發行股票的收益預付了2.1億歐元的金融機構貸款。
Moody's also upgraded the instrument rating on the group's EUR 250 million guaranteed senior secured notes due June 2024 to Ba3 from B1. The outlook on the ratings has been changed to stable from positive.
穆迪還將該集團2024年6月到期的2.5億歐元擔保優先擔保票據的工具評級從B1上調至Ba3。評級展望已從正面改為穩定。
Says CFO Pia Aaltonen-Forsell: "I'm proud that we have been able to reduce our net debt and future interest costs significantly this year. The upgrade by Moody's is a recognition of successful execution of our strategy and cost saving measures supporting elevated profitability level through the cycle. Deleveraging of the company and strengthening the balance sheet will continue during the first phase of our strategy by the end of 2022."
首席財務官説皮婭·奧爾託寧-福塞爾我很自豪，我們今年能夠大幅降低淨債務和未來的利息成本。穆迪的升級是對我們戰略的成功執行和成本節約措施的認可，這些措施在整個週期內支持提高盈利水平。到2022年底，在我們戰略的第一階段，公司的去槓桿化和加強資產負債表將繼續下去。
The upgrade to Ba3 follows Outokumpu's announcement on 4 November 2021 that it will repurchase in full its outstanding EUR 250 million senior secured notes ahead of its original maturity in June 2024 as well as the increase in its financial target on EBITDA run-rate improvement from EUR 200 million to EUR 250 million by the end of 2022.
在升級至Ba3之前，Outokumpu於2021年11月4日宣佈，將在2021年11月4日最初到期之前全額回購其2.5億歐元的未償還優先擔保票據2024年6月以及將EBITDA運行率改善的財務目標從2億歐元提高到2.5億歐元到2022年底。
The total redemption of the EUR 250 million senior secured notes due in 2024 will be the second material voluntary debt prepayment of the group this year.
2024年到期的2.5億歐元優先擔保票據的全部贖回將是該集團今年第二次重大自願債務提前償還。
Outokumpu first obtained Moody's rating in 2016.
Outokumpu首次獲得穆迪評級是在2016年。
More information on Moody's press release available at https://www.moodys.com/research/Moodys-upgrades-Outokumpus-CFR-to-Ba3-stable-outlook--PR_458078.
有關穆迪新聞稿的更多信息，請訪問https://www.moodys.com/research/Moodys-upgrades-Outokumpus-CFR-to-Ba3-stable-outlook--PR_458078.。
For more information:
有關詳細信息，請參閲：
Media: Päivi Allenius, VP – Communications, tel. +358 40 753 7374
媒體：Päivi Allenius，傳播部副總裁，電話：+358 40 753 7374
Investors: Linda Häkkilä, Head of Investor Relations, tel. +358 400 719 669
投資者：Linda Häkkilä，投資者關係主管，電話：+358 400 719 669
Outokumpu Oyj
烏託昆普·奧伊吉
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SOURCE Outokumpu Oyj
來源：Outokumpu Oyj
譯文內容由第三人軟體翻譯。