Moody’s might lower Fortum

Moody's Investors Service said it placed the Baa1 issuer and senior unsecured ratings of Fortum Oyj on review for possible downgrade.

Moody’s said the review was prompted by Fortum's announcement of its intention to launch a voluntary public takeover offer for Uniper SE and an agreement with E.ON SE (Baa2 stable), under which E.ON will have the right to tender its 46.65% shareholding in Uniper into the offer in early 2018.

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