S&P confirms investment grade rating BBB- for SBB, revise outlook to negative
The credit rating agency S&P Global Ratings (“S&P”) today announced that they are confirming Samhällsbyggnadsbolaget i Norden AB (publ) (“SBB”)’s investment grade rating BBB- and outlook has been updated to negative from stable. SBB has BBB-rating with positive outlook from Fitch Ratings and BBB rating with stable outlook from Scope Ratings. “We are determined to continue our work to strengthen our long-term financial position including on the back of already announced divestments. We also note S&P’s decision to adopt conservative sub-inflation growth assumptions to our rental income