Neste gets A3 issuer rating from Moody’s

November 24, 2022 |

In Finland, Neste reported that Moody’s Investors Service has assigned the company an A3 long term issuer rating and a baseline credit assessment (bca) of baa1.

The Finnish company noted that Moody’s rating rationale highlights Neste’s strong business profile with high profitability as a global producer of renewable products, the competitive advantage in sourcing waste and residues as main feedstock, and growing end market demand for renewable fuels and renewable raw materials for polymers and chemicals supported by both mandated and voluntary demand in Europe and North America. 

“The credit rating will importantly help Neste in its funding arrangements related to the execution of its strategy. We also seek to maintain a strong investment grade credit rating going forward,” said Martti Ala-Härkönen, Neste’s Chief Financial Officer.

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