S&P upgrades Uniper to BBB

S&P said it raised its long-term issuer credit rating on Uniper SE to BBB from BBB-. The outlook is stable.

The ratings on Uniper's senior unsecured debt were also raised to BBB from BBB-.

“The upgrade follows our view of Uniper's business risk having strengthened, and the reduced risk of a negative impact on its credit quality from the likely 47% acquisition by Finnish power generation company Fortum Oyj,” S&P said in a news release.

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