S&P affirms Metso

S&P said it affirmed its BBB/A-2 long- and short-term issuer credit ratings on Metso Corp.

The outlook is stable.

At the same time, the agency affirmed the BBB issue rating on Metso's senior unsecured debt.

S&P said the affirmation reflects a belief that Metso's operations in 2018 will benefit from the continued gradual recovery of its business fundamentals owing to internal reorganization that took place in 2017 and contract renegotiations.

“We believe this will lead to an overall modest improvement in top-line growth, a recovery of the EBITDA margin to around 13%-14% and continued strong cash flow credit metrics in 2018 and 2019,” the agency said in a news release.

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