Kuntarahoitus Oyj - Company Announcement

S&P has affirmed the AAA rating of Municipality Finance but revised the outlook to negative

Helsinki, 2014-04-15 15:45 CEST (GLOBE NEWSWIRE) -- Standard & Poor's has
affirmed the AAA rating of Municipality Finance Plc but revised the outlook to
negative in accordance with similar action taken on the Sovereign 



Credit rating agency Standard & Poor's has affirmed the long-term credit rating
AAA on Municipality Finance Plc but has revised the outlook to negative. The
change is a direct consequence of the outlook revision the rating agency made
on the Republic of Finland. The long-term credit of Municipality Finance is now
AAA (negative). The short-term credit rating of Municipality Finance Plc is
still the best possible, A-1+. 



The outlook revision is not a result of company specific actions but according
to the rating methodology of Standard & Poor's, the local government sector
cannot have a higher credit rating than the Republic of Finland. As the credit
rating of the Republic of Finland was affirmed with a AAA rating but with the
outlook revised to negative from stable on the 11th of April 2014, a similar
outlook revision has now been made on the long-term credit rating of
Municipality Finance Plc. Standard & Poor's also states in their rating report
that the outlook on Municipality Finance Plc will be revised back to stable
when similar action is taken on the Sovereign. 





Further information:

Municipality Finance Plc





Esa Kallio, Executive Vice President, Deputy to the CEO,
Tel. +358 (0)9 6803 6231, +358 (0)50 337 7953

Attachments:

SP negative 20140415 ENG OK.pdf