Investor Presentaiton
Fingrid aims to maintain high credit ratings
=
91
S&P
A-1+/AA-
Stable
Short-term/
Issuer Rating
"The upgrade primarily stems from the positive impact on Fingrid's earnings from modifications in
the regulatory model for TSOs in Finland. These changes have increased Fingrid's allowed
regulatory return, and made it more stable. Thanks to these changes, alongside previous tariff
increases and the company's modest capital spending program, Fingrid has seen an improvement
in its credit measures, which we believe should be sustainable."
S&P Global, 28 October 2016
Fitch
F1/AA-
Stable
Short-term/
Senior
Unsecured
"The affirmation reflected the good visibility on the company's results until 2023 (the same
regulatory model is applied through 2016-2023), the supportive features of the regulatory
framework in Finland, and Fingrid's conservative financial structure."
Fitch Ratings, 5 December 2017
"Fingrid's issuer rating of 'A+' is the highest that Fitch assigns to a regulated network in Europe,
reflecting a very strong business and financial profile."
Fitch Ratings, 5 December 2017
Fingrid is committed to maintain credit rating at least at 'A-' level in all circumstances
Fingrid Debt Investor Presentation
30.9.2018
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