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Standard & Poor's has affirmed 'AA+/A-1+' credit ratings on the Unemployment Insurance Fund

STOCKNEWS 24.9.2018 15.01

Unemployment Insurance Fund        Stock Exchange Release        24 September 2018 at 4 p.m.

S&P Global Ratings has affirmed on Sept. 24, 2018, its 'AA+/A-1+' long- and short-term issuer credit ratings on The Unemployment Insurance Fund (TVR) with stable outlook. S&P has therefore kept TVR's credit rating unchanged.

Standard & Poor's equalizes its ratings on TVR with the ratings on Finland. On Sept. 14, 2018, S&P affirmed its 'AA+/A-1+' issuer credit ratings on Finland with stable outlook.

The Unemployment Insurance Fund and Education Fund are merging to the Employment Fund on 1 January 2019. S&P has the view that this has no impact on TVR's role and link with the government, nor on its operations.

Additional information:
Janne Metsämäki, Managing Director. tel. +358 40 522 3614
Tapio Oksanen, Deputy Managing Director, CFO tel. +358 40 539 4651

Helsinki, 24 September 2018

Unemployment Insurance Fund (TVR)

Tapio Oksanen
Deputy Managing Director



Categories: Employment Fund