Moody’s upgraded Metsä Board’s credit rating to Baa2

Metsä Board Corporation Other information disclosed according to the rules of the Exchange 1 December 2022 at 13:00 EET
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Moody’s Investors Services has upgraded Metsä Board Corporation's issuer credit rating to Baa2 from Baa3. The outlook of the rating is stable.

The upgrade is based on Metsä Board's continuously strong operating results and solid credit metrics. The stable outlook reflects expectations that the strong financial position and solid profitability will be maintained in the near future.

The upgrade will not have a material impact on Metsä Board’s current financing costs.


Further information:
Henri Sederholm, CFO, tel. +358 10 465 4913
Katri Sundström, VP, Investor Relations, tel. +358 10 462 0101

Metsä Board

Metsä Board is a leading European producer of premium fresh fibre paperboards. We focus on lightweight and high-quality folding boxboards, food service boards and white kraftliners. The pure fresh fibres we use in our products are a renewable and recyclable resource, that can be traced back to sustainably managed northern forests. We are a forerunner in sustainability, and we aim to have completely fossil free mills and raw materials by the end of 2030.

Together with our customers we develop innovative packaging solutions to create better consumer experiences with less environmental impact. In 2021 our sales totalled EUR 2.1 billion, and we have around 2,400 employees. Metsä Board, part of Metsä Group, is listed on the Nasdaq Helsinki.

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