S&P Global Ratings (“S&P”) has today affirmed Samhällsbyggnadsbolaget i Norden AB (publ) (”SBB”)’s Investment grade rating BBB- with positive outlook. That means that SBB’s rating is BBB- with positive outlook for ratings on the company and its senior unsecured debt.
S&P concludes in commenting on the upside scenario: “The outlook remains positive, reflecting our view that we could raise the ratings on SBB within 12 months if its S&P Global Ratings-adjusted debt to debt plus equity drops well below 55 per cent on a sustainable basis and its interest cover ratio and debt to EBITDA improve in line with our base-case expectations.”
“We are fully committed to continue deleveraging remaining well below 55 per cent on debt to debt plus equity in order to make sure to be upgraded in the shortest time possible”, comments Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB.
For further information, please contact:
Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB, [email protected]