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Fortum Oyj Enters into Agreement Over Rating Services with Fitch Ratings


Thursday, 4 Apr 2013 03:00am EDT 

Fortum Oyj announced that the Company and Fitch Ratings have entered into an agreement over rating services as of April 2013. Fitch will provide a rating of the Company and any subsequently issued securities issued under Fortum's Euro Medium Term Note program. Fitch's current long term issuer default rating of the Company is A-, negative outlook. In addition, the Company continues to hold a contract on rating services with Standard & Poor's. The long term rating with Standard and Poor's is currently A-, negative outlook. The Company purchases financial services, including rating services, on a competitive basis. All services are evaluated and tendered periodically. 

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