According to Fitch Rating Watch Positive “reflects Samhällsbyggnadsbolaget i Norden AB (“SBB” or the “Company”)’s plan to actively manage its portfolio so that its balance shifts more towards social infrastructure (elderly care homes, group housing and schools) and residential properties. When this is completed in the short-term, Fitch expects to further upgrade the IDR to ‘BBB-‘ and assign a Stable Outlook (and the hybrid rated two notches lower at ‘BB’).“
“We will use the proceeds from the hybrid mainly for redemption of existing secured indebtedness. Board and the management of SBB have strong intention to actively manage its portfolio so that the balance shifts more towards social infrastructure (elderly care homes, group housing and schools) and rent regulated residentials focusing on the target to achieve and maintain a BBB rating,“ says Ilija Batljan, CEO and Founder of SBB.
For further information, please contact:
Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB, +46 70 518 39 67, [email protected]
This information is information that Samhällsbyggnadsbolaget i Norden AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above on April 8, 2019, at 11:21 CET.