Standard & Poor's Ratings Services has upgraded the long-term credit rating of Metso Corporation to BBB- from BB+ and the short-term rating to A-3 from B. The rating on Metso's senior unsecured debt has been upgraded to BB+ from BB. The outlook on rating is considered stable.
Metso is a global engineering and technology corporation with 2005 net sales of approximately EUR 4.2 billion. Its 22,000 employees in more than 50 countries serve customers in the pulp and paper industry, rock and minerals processing, the energy industry and selected other industries.
For further information, please contact:
Pekka Hölttä, Senior Vice President, Corporate Treasurer
tel. +358 20 484 3195
Johanna Sintonen, Vice President, Investor Relationstel. +358 40 530 0778