Metsä Board Terminates Credit Rating Agreement with S&P Global Ratings
Metsä Board has terminated its credit rating agreement with S&P Global Ratings and requested the agency withdraw its rating. The decision aligns with the company's cost-reduction and operational simplification efforts.
Metsä Board Corporation has ended its credit rating agreement with S&P Global Ratings, the company announced on September 29, 2026. Metsä Board has formally requested the agency to withdraw its credit rating for the company.
The company stated that it believes a credit rating from a single agency is sufficient to support its financing needs and access to capital markets. This move is also part of Metsä Board's ongoing transformation program, which focuses on reducing costs and streamlining operations.
At the time of the termination request, S&P Global Ratings had assigned Metsä Board a credit rating of BBB- with a negative outlook. The company has not indicated whether it plans to seek a rating from another agency or if this action will affect its current financing arrangements.