Standard & Poor's Assigned Teollisuuden Voima Oyj to 'BBB/A-2'

Standard & Poor's Ratings Services assigned its 'BBB' long-term and 'A-2' short-term corporate credit ratings to nonprofit electricity generator Teollisuuden Voima Oyj (TVO).

According to Standard & Poor's the outlook is stable and it reflects that TVO will continue to produce electricity efficiently and at competitive cost for its shareholders under its cost-coverage structure and maintain an adequate liquidity position.

For further information, please contact:
Lauri Piekkari, Senior Vice President, Treasury, tel. +358 (0)9 6180 6110.