S&P Global upgrades Metso Outotec to BBB with stable outlook
Metso Outotec Corporation’s stock exchange release on April 25, 2023, at 09:00 a.m. EEST
S&P Global has upgraded Metso Outotec’s credit rating to BBB with stable outlook. The upgrade is based on the successfully concluded integration and realized synergies, portfolio rationalization through selected divestments, and the company proactively managing its pricing and costs to curb the effects of inflation, as well as the good demand in Metso Outotec's end markets.
“We are very pleased of this upgrade, which confirms the solid delivery on the integration as well as on improving our financial performance. One of our financial targets is to have an investment grade credit rating, and the BBB rating from S&P Global makes our rating even more solid,” says CFO Eeva Sipilä.
S&P Global’s report can be found on the company’s website.
Metso Outotec has also a Baa2 credit rating from Moody’s with stable outlook.
Further information, please contact:
Minna Helppi, SVP Group Treasurer, Metso Outotec Corporation, tel. +358 40 772 1024
Metso Outotec is a frontrunner in providing sustainable technologies, end-to-end solutions and services for the aggregates, minerals processing and metals refining industries globally. By helping our customers increase their productivity, improve their energy and water efficiency and environmental performance with our process and product expertise, we are the partner for positive change.
Headquartered in Helsinki, Finland, Metso Outotec employs over 16,000 people in close to 50 countries and sales for 2022 were about EUR 5.3 billion. The company is listed on the Nasdaq Helsinki. mogroup.com, www.metso.com/twitter/