Samhällsbyggnadsbolaget i Norden AB (publ): S&P BB rating gives potential to significantly reduce funding costs
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@example.com
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.
About Samhällsbyggnadsbolaget i Norden AB (publ)
The company’s strategy is to own, manage and develop community service properties throughout the Nordic region and rental apartments in growth regions in Sweden. Through the company's commitment and engagement in community participation and social responsibility, municipalities and other stakeholders find the company an attractive long-term partner. The company’s series B shares (short name SBB B) and preference shares (SBB PREF) are listed on Nasdaq First North. Certified Adviser is Remium Nordic Holding AB (www.remium.com). More information about the company is available at www.sbbnorden.se.