S&P affirms SBB’s investment grade rating BBB- with negative outlook – the Brookfield transaction should have a positive impact
S&P Global Ratings (“S&P”) has today affirmed Samhällsbyggnadsbolaget i Norden AB (publ) (”SBB”)’s investment grade rating BBB- with negative outlook. A few comments from the S&P rating: - We believe the transaction, if it materializes as expected, should have a positive impact on SBB's leverage ratios and liquidity position, since the company will use the cash proceeds to repay debt over the next 12-24 months. - Yet we are mindful of current challenging conditions in the real estate markets and SBB's elevated leverage as of third-quarter 2022, despite all transactions announced by