Stock Exchange release May 14, 2003 09:06:52 AM CET
RATING ON METSO CORPORATION PLACED ON REVIEW BY MOODY'S
Moody's investors Service has placed the Baa2 long-term debt ratings of Metso Corporation on review for possible downgrade. The outlook on the ratings has been negative since December 2002.
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 2002, the net sales of Metso Corporation were EUR 4.7 billion and the personnel totaled approximately 28, 500. Metso Corporation is listed on the Helsinki and New York Stock Exchanges.