Metso Outotec Achieves Investment-Grade Credit Rating Target with Upgrade from S&P Global

Metso Outotec Achieves Investment-Grade Credit Rating Target with Upgrade from S&P Global

(IN BRIEF) S&P Global has upgraded Metso Outotec’s credit rating to BBB with stable outlook, citing the successful integration and realized synergies, portfolio rationalization through selected divestments, and the company’s proactive management of pricing and costs to curb the effects of inflation. CFO Eeva Sipilä expressed pleasure in the upgrade, which confirms the solid delivery on integration and improving financial performance, and contributes to the company’s financial targets of having an investment-grade credit rating. Metso Outotec also holds a Baa2 credit rating from Moody’s with a stable outlook.

(PRESS RELEASE) HELSINKI, 26-Apr-2023 — /EuropaWire/ — 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.

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, twitter.com/metsooutotec

Media Contact: 

Minna Helppi
SVP Group Treasurer
Metso Outotec Corporation
tel. +358 40 772 1024

SOURCE: Metso Outotec