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) ("Samhällsbyggnadsbolaget" or "the Company"), parent company of SBB i Norden AB (publ), has been assigned a BB rating with stable outlook. This is the Company’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 the Company’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, firstname.lastname@example.org
This information is information that SBB 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 09.43 CET.
About SBB i Norden AB (publ)
SBB i Norden’s notes are traded on the corporate bond list of Nasdaq Stockholm (symbol SBBIN 001 and SBBIN 002). SBB i Norden is a wholly owned subsidiary of Samhällsbyggnadsbolaget i Norden AB (publ). SBB i Norden owns residential and community real estate in all of Sweden and community real estate in the Nordic countries. The company’s business idea is to be a natural and reliable partner to the public sector in the Nordic countries by long-term perspective of owing, managing and developing community properties. The company also aims to acquire, develop, construct and manage residential properties and by being a community service builder and long-term partner to municipalities, countries and state authorities work actively with the aim of creating residential building rights. More information about SBB I Norden is available at www.sbbnorden.se/sbb-norden-ab.