Scope Ratings GmbH (“Scope”) has assigned a BBB rating with stable outlook to Samhällsbyggnadsbolaget i Norden AB (publ) (“SBB”).
According to Scope, the rating is driven by the SBB’s low-risk business model, with a strong asset quality and excellent tenants providing stable and predictable cash flows.
“SBB has a strong financial position and we are working hard to continue to provide more information to the market about our low-risk assets. This is our first BBB rating and we feel confident with our journey to achieve a BBB+ rating in short term and an A- rating in the long term,” says Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB.
Scope outlines in the rating SBB’s pathway to a BBB+ rating: “A positive rating action would require the Scope-adjusted LTV ratio to improve to below 50 percent on a sustained basis, while keeping interest coverage comfortably above three times.”
For further information, please contact:
Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB, [email protected]