EQT AB assigned ‘A-’ (Stable) credit rating by S&P

• Public rating is S&P’s highest in the European asset management sector
• Opinion identifies key differentiators including EQT AB’s global scale, diversified business, attractive profitability, and conservative leverage profile
• Rating from S&P complements existing rating from Fitch at the same level (A-/Stable)

EQT AB (“EQT”) is pleased to announce that S&P Global Ratings (“S&P”) has today assigned EQT a Long-Term Issuer Credit Rating of ‘A-’ with a stable outlook. S&P publishes Long-Term Issuer Credit Rating to give an independent, forward-looking opinion about a company’s overall creditworthiness. The rating reflects the strength of EQT’s global leadership position in active ownership strategies, successful fundraising track record underpinned by consistently strong investment performance, resilient financial profile, and more.

In its announcement, S&P noted: “The adequately diversified geographic footprint and business mix enables EQT to maintain stable profitability metrics that compare favorably with other alternative asset managers with similar AUM profiles.” … “The stable outlook incorporates our view that EQT will continue to see strong fundraising within its flagship funds and play a predominant role within the industries it operates while keeping leverage metrics at minimal levels below 1x.”

Kim Henriksson, Chief Financial Officer of EQT commented: “We are delighted that S&P has initiated with an ‘A-’ rating on EQT, which is a testament to the strength of our business profile and prudent financial policy. This rating, which is S&P’s highest public rating in the broader asset management sector in Europe, complements our existing rating from Fitch at the same level (A-/Stable).”

Contact

Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334

About EQT
EQT is a purpose-driven global investment organization focused on active ownership strategies. With a Nordic heritage and a global mindset, EQT has a track record of almost three decades of developing companies across multiple geographies, sectors and strategies. EQT has investment strategies covering all phases of a business’ development, from start-up to maturity. EQT has EUR ‌​​242​‌ billion in total assets under management (EUR ‌​​‌132 billion in fee-generating assets under management), within two business segments – Private Capital and Real Assets.

With its roots in the Wallenberg family’s entrepreneurial mindset and philosophy of long-term ownership, EQT is guided by a set of strong values and a distinct corporate culture. EQT manages and advises funds and vehicles that invest across the world with the mission to future-proof companies, generate attractive returns and make a positive impact with everything EQT does.

The EQT AB Group comprises EQT AB (publ) and its direct and indirect subsidiaries, which include general partners and fund managers of EQT funds as well as entities advising EQT funds. EQT has offices in more than 25 countries across Europe, Asia and the Americas and has more than 1,800 employees.

More info: www.eqtgroup.com
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