Moody's: Metsa Board positive

Moody's Investors Service said it affirmed Metsa Board's B3 corporate family and probability of default ratings and the B3 senior unsecured notes rating.

The outlooks were changed to positive from stable.

"The outlook change to positive was prompted by expected improvements in the group's profit and cash generation ability following extensive capacity closures and restructuring activities over the past quarters" Moody's lead analyst for Metsa Board Anke Rindermann said in a news release.

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