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Moody's Investors Service Changes Outlook on Fortum Oyj's A2 Ratings


Friday, 16 Nov 2012 10:46am EST 

Moody's Investors Service announced that it changed on November 16, 2012 to negative from stable the outlook on the A2 long-term senior unsecured issuer and debt ratings of Fortum Oyj. The change in outlook reflects the fact that Fortum's performance has not met Moody's expectations during 2012, given the continued low electricity prices in the Nordic region and delays in the construction of the Group's three new condensing plants in Nyagan in Russia. 

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