91VA Elenia Ver. 30

TIDM91VA

RNS Number : 0080A

Elenia Verkko Oyj

28 January 2022

S&P Downgrades Issue Rating to BBB (stable)

Elenia Verkko Oyj EUR3,000,000,000 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.

S&P Global Ratings ("S&P") has downgraded the senior secured issue rating of Elenia Verkko Oyj by one notch to BBB with stable outlook effective as of 28 January 2022.

S&P placed the rating on CreditWatch with negative implications on 29 October 2021. According to S&P, the regulatory environment for distribution system operators in Finland has weakened as a result of significant changes to the framework in the middle of the regulatory period.

For further information, please contact

Mr Tommi Valento

Töölönkatu 4

00100 Helsinki

FINLAND

TEL: +358 407 208 951

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January 28, 2022 06:24 ET (11:24 GMT)

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