Fitch gives 30-day notice of intention to withdraw its ratings of Stora Enso, saying the company is no longer relevant to the agency's coverage, but will maintain coverage until withdrawal

Debra Garcia

Debra Garcia

LONDON , July 2, 2014 (press release) – Fitch Ratings expects to withdraw its ratings of Stora Enso Oyj (Stora Enso) after a 30-day period beginning today as they are no longer considered by Fitch to be relevant to the agency's coverage. Fitch will continue to maintain coverage of Stora Enso prior to withdrawal.
Fitch's ratings on Stora Enso are unsolicited and have been provided by us as a service to investors. Fitch reserves the right in its sole discretion to withdraw or maintain any rating at any time for any reason it deems sufficient. Fitch may elect to maintain coverage based on investor feedback. Fitch will only provide ratings where it has sufficient information to rate the issuer or transaction.

This advance notice is provided to permit further investor feedback to Fitch and for the benefit of users in managing their use of Fitch's ratings.

Fitch rates Stora Enso as follows:
Long-term Issuer Default Rating (IDR): 'BB-'; Outlook Stable
Senior unsecured rating: 'BB-'

Additional information is available at www.fitchratings.com.

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE. 

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