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M-real sees 2.3 mln eur per year impact from S&P downgrade


Published : Thu, 22 Mar 2007 11:24
By : Agencies
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HELSINKI (AFX) - M-real said Standard & Poor's Ratings Services' downgrade of its credit ratings will increase its financing costs by some 2.3 mln eur per year, but gave no further details.

The ratings agency said earlier it lowered its long-term corporate credit rating and senior unsecured debt ratings on M-real to 'B' from 'B+'.

It retained its negative outlook.

james.etheridge@thomson.com

je/ms1

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