S&P cuts Stora Enso to stable

Standard & Poor's said it revised the outlook on Stora Enso Oyj to stable from positive.

The agency also said it affirmed its BB long-term corporate credit rating.

The outlook revision primarily reflects an assessment that the probability of an upgrade over the near term has declined. S&P said this is based on its assumptions of weaker demand for Stora Enso's key products over the near term due to macroeconomic uncertainty.

The agency also said it is factoring in higher investment levels over the short to medium term, reflecting the group's strategic growth projects.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.