Moody’s ups Stora Enso view to positive

Moody's Investors Service said it changed the outlook on all the ratings of Stora Enso Oyj to positive from stable.

"Our decision to change the outlook on Stora Enso's ratings to positive factors in our view that the company can sustain and build on recent financial performance improvements. It also considers Stora Enso's strong liquidity profile and successful efforts to diversify its geographic and product line-up making it less dependent on the structurally declining paper market," Matthias Volkmer, Moody's vice president, senior credit officer and lead analyst for Stora Enso, said in a news release.

Concurrently, the agency affirmed Stora Enso's Ba2 corporate family rating and Ba2-PD probability of default rating, as well as the Ba2 ratings on its various senior unsecured debt instruments and the provisional Ba2 senior unsecured medium-term note program ratings.

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