8.1.2010
Municipality Finance remains Finland's only financial institution with top credit rating

 

Credit rating agencies Moody’s and Standard & Poor’s affirmed their best possible credit ratings, Aaa/AAA, for Municipality Finance Plc in December 2009. The ratings are based on Municipality Finance’s good reputation and the trust it has earned among clients, as well as the company’s low-risk loan portfolio, strong liquidity and outstanding position on the international capital markets.

Moody’s and Standard & Poor’s made special mention of Municipality Finance’s ability to work cost-efficiently, and to serve its clients even through the financial turmoil of the past two years.

Municipality Finance’s top rating also relies firmly on the guarantee that it enjoys from the Municipal Guarantee Board. The strength of the guarantee derives from the key position of the Finnish local government sector in society. The Municipal Guarantee Board guarantees all commitments made by Municipality Finance Plc to investors. In December, Moody’s and Standard & Poor’s also affirmed their best possible credit ratings, Aaa/AAA, for the Municipal Guarantee Board.

Municipality Finance’s CEO Pekka Averio says that one of the things that contributed to ensuring adequate financing for the Finnish local government sector was the sector’s financial position – one of the strongest in Europe – which was also highlighted by the credit rating agencies. In addition, Pekka Averio draws attention to Moody’s citing the professionalism of Municipality Finance’s staff and operating model, adding: “Municipality Finance is also proud of areas the agencies singled out for special mention, commending us for our conservative risk management policies.”

The full reports of the agencies are available on the company’s website at www.munifin.fi

For more information, please contact:
Municipality Finance Plc
President and CEO Pekka Averio, tel. +358 (0)9 6803 6211, +358 (0)500 406 856
Executive Vice President Esa Kallio, tel. +358 (0)9 6803 6231, +358 (0)50 337 7953

Moody’s and Standard & Poor’s made special mention of Municipality Finance’s ability to work cost-efficiently, and to serve its clients even through the financial turmoil of the past two years.

Municipality Finance’s top rating also relies firmly on the guarantee that it enjoys from the Municipal Guarantee Board. The strength of the guarantee derives from the key position of the Finnish local government sector in society. The Municipal Guarantee Board guarantees all commitments made by Municipality Finance Plc to investors. In December, Moody’s and Standard & Poor’s also affirmed their best possible credit ratings, Aaa/AAA, for the Municipal Guarantee Board.

Municipality Finance’s CEO Pekka Averio says that one of the things that contributed to ensuring adequate financing for the Finnish local government sector was the sector’s financial position – one of the strongest in Europe – which was also highlighted by the credit rating agencies. In addition, Pekka Averio draws attention to Moody’s citing the professionalism of Municipality Finance’s staff and operating model, adding: “Municipality Finance is also proud of areas the agencies singled out for special mention, commending us for our conservative risk management policies.”

The full reports of the agencies are available on the company’s website at www.kuntarahoitus.fi.

For more information, please contact:
Municipality Finance Plc
President and CEO Pekka Averio, tel. +358 (0)9 6803 6211, +358 (0)500 406 856
Executive Vice President Esa Kallio, tel. +358 (0)9 6803 6231, +358 (0)50 337 7953