Teollisuuden Voima Oyj is assigned Baa3 issuer rating from Moody’s
Moody’s Investors Service (Moody’s) has assigned a Baa3 long term issuer rating to TVO, with a stable outlook.
The Baa3 issuer rating positively reflects the start of commercial operations at the Olkiluoto 3 (OL3) nuclear power plant from the 1st of May 2023, the continuing strong operational and safety performance of the company’s other nuclear power plant units Olkiluoto 1 and 2 (OL1 and OL2), TVO’s status as a Mankala company, and the solid weighted-average credit quality of TVO’s major shareholders and the track record of support, in particular during construction of OL3.
TVO now maintains investment grade ratings from all three major credit rating agencies (Fitch Ratings Ltd BBB-/Stable; Moody´s Baa3/Stable; S&P Global BBB-/ Stable), which gives strong basis for its future funding arrangements.
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