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Kuntarahoitus Oyj: Standard & Poor's revised Municipality Finance Plc's AA+ rating outlook to negative

Municipality Finance Plc

Stock Exchange Release
9 October 2015 at 09:00 (CET +1)

Standard&Poor's revised Municipality Finance Plc's AA+ rating outlook to

Credit rating agency Standard&Poor's has revised the outlook on Municipality
Finance's long-term credit rating to negative from stable on October 9, 2015.

The revision of the outlook on Municipality Finance's credit rating is a
consequence of the similar outlook revision on the Republic of Finland. Under
Standard&Poor's criteria, Municipality Finance cannot be rated above the

Standard&Poor's revised the sovereign's AA+ rating's outlook to negative from
stable on September 25, 2015. According to the agency, the weakening of the
sovereign's rating outlook is a result of the risk that Finland's economic
growth will fail to pick up markedly despite the new government's commitment
to structural reforms.

In the same rating action and with the same rationale, Standard&Poor's also
changed its outlook on Municipal Guarantee Board's AA+ rating similarly to
negative from stable. Municipal Guarantee Board exclusively guarantees
Municipality Finance's funding.


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

Measured by the group's balance sheet, MuniFin
(Municipality Finance Plc) 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 34 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:


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX 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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