S&P has affirmed AA+/stable outlook/A-1+ rating on the Employment Fund
Stock Exchange Release
Employment Fund
July 4, 2023 at 13.00
S&P Global Ratings has affirmed on July 4, 2023, its AA+/stable outlook/A-1+ issuer credit rating on the Employment Fund.
S&P equalizes its ratings on the Employment Fund with the ratings on Finland. The current credit rating of the Republic of Finland from S&P is AA+/stable outlook/A-1+.
The Employment Fund issued on 16 June 2020 two senior unsecured bonds of EUR 600 million each. One of the bonds matured on 16 June 2023. S&P Global Ratings assigned on 2020 an issue credit rating of AA+ on these Bonds.
Helsinki, 4 July 2023
The Employment Fund
Tapio Oksanen
Chief Financial Officer
Additional information:
Janne Metsämäki, Managing Director. tel. +358 40 522 3614
Tapio Oksanen, CFO tel. +358 40 539 4651
Distribution:
NASDAQ OMX Helsinki
Media
www.tyollisyysrahasto.fi
About Työllisyysrahasto
The Employment Fund brings comfort in the changes of the working life. We collect the unemployment insurance contributions that are among other things financing the earnings-related unemployment benefits and urging forward the innovation of learning with the adult education allowance.
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