Frankfurt am Main, June 22, 2015 -- Moody's Investors Service, ("Moody's") has today upgraded the Corporate Family Rating ("CFR") to Ba2 from B1 and the Probability of Default Rating (PDR) to Ba2-PD from B1-PD of Metsa Board Corporation ("Metsa Board"). Concurrently, Moody's upgraded Metsa Board's 5-year non-call EUR225 million senior unsecured Nordic bond to Ba2 (LGD4) from B1 (LGD4). The outlook is stable.

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