S&P Global Ratings has lowered its long- and short-term issuer credit ratings on Metso Corporation to 'BBB-/A-3'. Metso credit ratings remain on CreditWatch, where S&P placed them with negative implications on July 9, 2019. Metso’s credit rating will continue as the rating of the future Neles Corporation, which is due to be formed in Metso’s partial demerger, that is currently planned to take place on June 30, 2020.
Simultaneously, S&P affirmed the preliminary 'BBB-' rating for Metso Outotec but revised its outlook to negative from stable. As previously communicated, Metso has received consent to transfer its senior unsecured notes to Metso Outotec at the closing of the transaction.
Further information, please contact:
Minna Helppi, SVP, Group Treasurer, tel. +358 40 772 1024
Nasdaq Helsinki Ltd
Metso is a world-leading industrial company offering equipment and services for the sustainable processing and flow of natural resources in the mining, aggregates, recycling and process industries. With our unique knowledge and innovative solutions, we help our customers improve their operational efficiency, reduce risks and increase profitability. Metso is listed on the Nasdaq Helsinki in Finland and had sales of about EUR 3.6 billion in 2019. Metso employs over 15,000 people in more than 50 countries.