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.
赫尔辛基2021年11月15日/美通社/--穆迪将Outokumpu的发行人企业家族评级从B2上调两个级距至Ba3。这是自2016年首次推出该评级以来，乌托昆普获得的最好信用评级，也已经是今年的第二次上调。上一次从B3升级到B2是在5月份，当时Outokumpu用定向发行股票的收益预付了2.1亿欧元的金融机构贷款。
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.
穆迪还将该集团2024年6月到期的2.5亿欧元担保优先担保票据的工具评级从B1上调至Ba3。评级展望已从正面改为稳定。
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."
首席财务官说皮娅·奥尔托宁-福塞尔我很自豪，我们今年能够大幅降低净债务和未来的利息成本。穆迪的升级是对我们战略的成功执行和成本节约措施的认可，这些措施在整个周期内支持提高盈利水平。到2022年底，在我们战略的第一阶段，公司的去杠杆化和加强资产负债表将继续下去。
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.
在升级至Ba3之前，Outokumpu于2021年11月4日宣布，将在2021年11月4日最初到期之前全额回购其2.5亿欧元的未偿还优先担保票据2024年6月以及将EBITDA运行率改善的财务目标从2亿欧元提高到2.5亿欧元到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2.5亿欧元优先担保票据的全部赎回将是该集团今年第二次重大自愿债务提前偿还。
Outokumpu first obtained Moody's rating in 2016.
Outokumpu首次获得穆迪评级是在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.
有关穆迪新闻稿的更多信息，请访问https://www.moodys.com/research/Moodys-upgrades-Outokumpus-CFR-to-Ba3-stable-outlook--PR_458078.。
For more information:
有关详细信息，请参阅：
Media: Päivi Allenius, VP – Communications, tel. +358 40 753 7374
媒体：Päivi Allenius，传播部副总裁，电话：+358 40 753 7374
Investors: Linda Häkkilä, Head of Investor Relations, tel. +358 400 719 669
投资者：Linda Häkkilä，投资者关系主管，电话：+358 400 719 669
Outokumpu Oyj
乌托昆普·奥伊吉
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SOURCE Outokumpu Oyj
来源：Outokumpu Oyj
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