Moody’s reviews Fortum for downgrade

Moody’s Investors Service said it placed the Baa2 issuer and senior unsecured ratings of Fortum Oyj on review for downgrade.

“The rating review was prompted by the 8 October announcement that Fortum had reached an agreement with Elliott and Knight Vinke to acquire in excess of 20.5% in Uniper SE (Uniper) for approximately €2.3 billion, increasing Fortum’s share in Uniper to more than 70.5%,” said Moody’s in a press release.

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