Rating strategy
Stora Enso considers the maintenance of two investment grade ratings an important target. The present rating and outlook from Moody's and Standard & Poor's (S&P) are shown below.
| Rating agency |
Long/short-term rating |
Valid from |
| Standard & Poor's |
BB+ (stable) / B |
11 Nov 2008 |
| Moody's |
Ba1 (negative) / NP |
28 Oct 2008 |
Stora Enso’s goal is to ensure that rating agencies continue to be comfortable with Stora Enso’s strategy and performance. The company's strategy is to maintain liquidity well in line with the comfort level of the agencies. Review meetings are arranged with the Stora Enso management annually, and regular contact is kept with the rating analysts.
The rating reports below are published by Standard & Poor's and Moody's rating agencies and are available in PDF format.
S&P Recovery Report (12 Nov 2008) 
S&P Research Update (11 Nov 2008)
Moody's Credit Opinion (29 Oct 2008)
Moody's Rating Action (28 Oct 2008)
Moody's Credit Opinion (29 Apr 2008)
Moody's Rating Action (29 Apr 2008)
S&P summary (13 Nov 2007)
PDF presentation*
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