S&P has affirmed 'AA+/A-1+' credit ratings on the Employment Fund

29.9.2020 14:01:02 EEST | Työllisyysrahasto | Other information disclosed according to the rules of the Exchange

The Employment Fund       
Stock Exchange Release       
29 September 2020 at 2 p.m.

S&P Global Ratings has affirmed on Sept. 29, 2020, its 'AA+/A-1+' long- and short-term issuer credit ratings on The Employment Fund with stable outlook. 

Standard & Poor's equalizes its ratings on The Employment Fund with the ratings on Finland. On 4 September 2020, S&P affirmed its 'AA+/A-1+' issuer credit ratings on the Republic of Finland with stable outlook.

The Employment Fund issued on 16 June 2020 two senior unsecured bonds of EUR 600 million each. S&P Global Ratings has assigned an issue credit rating of AA+ on these Bonds.

Helsinki, 29 September 2020
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


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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