MetsoNews2002RATING ON METSO CORPORATION CONFIRMED AT Baa2 BY MOODY'S
Stock Exchange release December 4, 2002 02:07:57 PM CET
RATING ON METSO CORPORATION CONFIRMED AT Baa2 BY MOODY'S
Moody's Investors Service has confirmed the current Baa2 long-term rating for Metso Corporation. At the same time Metso's outlook was changed from stable to negative.
Metso Corporation is a global supplier of process industry machinery and systems, as well as know-how and aftermarket services. The corporation's core businesses are fiber and paper technology (Metso Paper), rock and mineral processing (Metso Minerals) and automation and control technology (Metso Automation). In 2001, the net sales of Metso Corporation were EUR 4.3 billion and the personnel totaled approximately 30,000. Metso Corporation is listed on the Helsinki and New York Stock Exchanges.