S&P Global Ratings has announced today that Samhällsbyggnadsbolaget i Norden AB (publ) (“SBB” or “the Company”) has been assigned a BB rating with stable outlook. This is SBB’s second public rating from a leading credit rating agency and is a two step improvement over the first rating the company received in November 2017.
“A strong rating from S&P creates great potential to significantly reduce funding costs and subsequently increase earnings per share.” says Ilija Batljan, Founder and CEO of Samhällsbyggnadsbolaget i Norden.
The rating highlights SBB’s high-quality and low-risk portfolio consisting of Swedish rental residentials and Nordic community service properties with strong cash flows, where municipalities or state ultimately guarantee the tenants.
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 January 15, 2018, at 09.40 CET.