Upgraded corporate credit rating for Nobina after refinancing
Following the successfully completed refinancing and debt-to-equity swap of Nobina’s senior notes, the rating agencies Standard & Poors’ and Moody’s have upgraded the long-term corporate credit ratings on Nobina to B and Caa1 respectively, with stable outlook.Standard & Poors’ raised its long-term corporate credit rating on Nobina AB and Nobina Europe Holding AB (collectively “Nobina”) from SD to B and Moody’s upgraded Nobina from Caa3 to Caa1. Both rating agencies state that the outlooks are stable, reflecting expectations that Nobina’s profitability levels will remain stable with
