Moody’s downgrades Outokumpu’s corporate family rating

Moody’s downgrades Outokumpu’s corporate family rating and changes the outlook on ratings to negative

Moody’s Investors Service has decided to downgrade Outokumpu’s corporate family rating to B3 from B2 and the probability of default rating to B3-PD from B2-PD. Concurrently Moody’s downgraded the instrument rating of the Group’s senior secured notes due in 2024 to B2 from B1. The outlook of all ratings has been changed to negative from stable.

Source: Outokumpu, Photo: Fotolia