Provider: Thomson Reuters StreetEvents
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Fitch Downgrades Ratings on Teollisuuden Voima Oyj-DJ
Dow Jones reported that Fitch Ratings has downgraded Teollisuuden Voima Oyj's (TVO) long-term issuer default rating (IDR) and senior unsecured rating to BBB from BBB+ and its short-term IDR to F3 from F2. The Outlook for the Long-term IDR is stable. The downgrade reflects the continued delay in expected commissioning of the third 1,600 MW nuclear plant Olkiluoto 3 (OL3) and Fitch's weakened mid-term outlook for the forward Nord pool wholesale electricity prices.
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