S&P Global places SBB on Credit Watch Negative
The credit rating agency S&P Global today announced that they are placing Samhällsbyggnadsbolaget i Norden AB (publ) ("SBB") on Credit Watch Negative due to ”at this stage, there are some uncertainties about how” the charges against CEO ”will affect SBB's management and operations, including deleveraging plans which may take longer than” S&P previously anticipated”. S&P emphasize their understanding "that SBB aims to have good governance standards in place and that the Board operates effectively, with five independent members (both management and shareholders) out of seven in total. At