Fitch Ratings has affirmed Samhällsbyggnadsbolaget i Norden AB’s (“SBB”) rating BBB- with a positive outlook. The positive outlook reflects Fitch’s expectation of improvements in SBB’s financial profile as it completes planned disposals and benefits from inflation-linked rent increases and moderates its pace of acquisitions. Fitch also assumed SBB’s debt will be refinanced at higher rates.
Fitch has in its rating case assumed that the planned distribution of the SEK 18 billion residential portfolio, the Amasten Fastighets AB portfolio, will take place with a corresponding loss of rental income and residential assets.
For further information, please contact:
Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB, [email protected]