Moody's confirms Stora Enso Oyj

Moody's Investors Service said it confirmed the Ba2 corporate family rating, the Ba2 senior unsecured note ratings and Not-Prime short-term rating of Stora Enso Oyj.

The outlook is negative.

The confirmation reflects the company's proactive approach in addressing the significant cyclical demand contraction of paper, packaging and forest products supported by a solid liquidity profile that provides some headroom until restructuring measures are fully implemented, Moody's said.

The negative outlook reflects the execution challenge of restoring profitability and cash flow generation supporting a recovery of credit metrics more in line with the Ba rating category in a challenging market environment, the agency said.

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