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2016-12-13

Kuntarahoitus Oyj: Standard & Poor's affirms Municipality Finance Plc's AA+ credit rating

Municipality Finance Plc

Stock exchange release
13 December 2016, 15:30 EET

Standard&Poor's affirms Municipality Finance Plc's AA+ credit rating

The credit rating agency Standard&Poor's (S&P) affirmed its long-term credit
rating on Municipality Finance Plc to be maintained at AA+ on December 13,
2016. The outlook of the rating is stable. The short-term credit rating of is
still the best possible, A-1+.

Standard&Poor's assesses that Municipality Finance's capital has strengthened
considerably. The credit rating agency states that Municipality Finance's
strong ratings are based on the credit strength of the Finnish local
government sector. Standard&Poor's assesses Municipality Finance's business
and financial risk profiles as strong. This is based on their estimate on
Municipality Finance's business position, management and governance, combined
with an assessment of the company's funding, liquidity and capital adequacy.

Simultaneously with affirming Municipality Finance's rating, Standard&Poor's
has also affirmed maintaining its AA+ credit rating on the Municipal
Guarantee Board. The Municipal Guarantee Board exclusively guarantees
Municipality Finance's funding.

Under Standard&Poor's rating methodology Municipality Finance's ratings
reflect those of the Republic of Finland. The long-term credit rating on the
Republic of Finland is also AA+.

MUNICIPALITY FINANCE PLC

Further information:

Pekka Averio
President and CEO
tel. +358 500 406 856

Esa Kallio
Executive VP, Deputy to the CEO, Head of Capital Markets
Tel. +358 50 3377 953

Measured by the group's balance sheet,Municipality Finance Plc (MuniFin
) is Finland's third largest credit institution. The company is owned by
Finnish municipalities, the public sector pension fund Keva and the Republic
of Finland. MuniFin is an integral part of the Finnish public economy.

MuniFin's balance sheet totals nearly EUR 36 billion. Funding for the company
is primarily obtained through the international capital markets. MuniFin's
funding is guaranteed by the Municipal Guarantee Board.

MuniFin's mission is to ensure competitive funding for its customers in all
market conditions. The company's customers are Finnish municipalities,
municipal federations, municipally controlled companies and non-profit
housing corporations. A significant portion of lending is used for socially
responsible projects such as building hospitals, healthcare centers, schools,
day care centers and homes for the elderly.

The Municipality Finance Group also includes the subsidiary company, Financial
Advisory Services Inspira Ltd.

Read more: www.munifin.fi

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Kuntarahoitus Oyj via Globenewswire

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