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On 03 March 2026, Fitch Ratings assigned Elenia Verkko Oyj a senior secured debt rating of BBB with a stable outlook. Elenia Verkko Oyj maintains BBB ratings with stable outlooks from both Fitch Ratings and S&P Global Ratings. The company has a €3,000,000,000 Multicurrency Programme for the Issuance of Bonds, guaranteed by Elenia Oy, Elenia Holdings S.à r.l, and Elenia Investments S.à r.l, and is required to make approximately EUR 2.4 billion in investments by 2036.
| Date | 3 Mar 2026 |
| Time | 11:18:18 |
| Category | Miscellaneous |
| ID | 1443V |
BBB issue rating from Fitch Ratings
Elenia Verkko Oyj €3,000,000,000 Multicurrency Programme for the Issuance of Bonds, unconditionally and irrevocably guaranteed by Elenia Oy, Elenia Holdings S.à r.l and Elenia Investments S.à r.l.
Fitch Ratings has assigned the Issuer a senior secured debt rating of BBB with stable outlook.
The BBB rating reflects the Issuer's solid business profile as the second-largest distribution system operator in Finland and supports its investment program in modernizing the distribution network based on security of supply targets set by the Electricity Market Act and requirements from electrification of society. Investments of approximately EUR 2.4 billion are required by the Issuer by 2036 to fulfil the security of supply and electrification requirements.
The Issuer now maintains BBB ratings with stable outlook from both Fitch Ratings and S&P Global Ratings which provides a strong basis for its future funding engagements.
For further information, please contact:
Mr Tommi Valento
Chief Financial Officer
Töölönkatu 4
FI-00100
Helsinki
Finland
TEL: +358 407 208951
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