Nobina obtains investment grade credit rating from Fitch (BBB-, stable outlook)
Nobina AB, the leading bus operator in the Nordic region, has received an investment grade credit rating of BBB- with a stable outlook from the international credit rating agency Fitch Ratings.
Fitch Ratings states that Nobina’s credit rating reflects the company’s “leading position in the Nordic public transport sector by bus with favorable market dynamics, operations under long-term contracts with limited market risk, track record of contract migration and fleet management and stable and predictable cash flow generation.”
“The BBB- rating reflects Nobina’s financial situation and leading market position and creates better conditions for the Group to finance operations on favorable terms,” says Mattias Gelinder, Group Treasurer at Nobina.
“We have now taken the next step in our financial profiling. It is important for Nobina to increase awareness of our stable business and our long-term approach to both our investors and our customers. This credit rating matches our expectations and confirms our long-term financial stability,” says Per Skärgård, Nobina’s CFO.
This information is such that Nobina AB (publ) is obligated to publish in accordance with the EU Market Abuse Regulation. The information was published, through the agency of the contact persons mentioned below, on 18 December 2018, at 11:20 a.m. CET.
For further information, please contact:
Mattias Gelinder, Group Treasurer and Head of IR, +46 72 967 02 61
Per Skärgård, CFO, +46 8 41 06 50 56
About Nobina
Nobina is the largest and most experienced public bus transport service provider in the Nordic region. The company’s expertise in prospecting, tendering and active management of public bus transport contracts in combination with long-term delivery quality makes Nobina the industry leader in terms of profitability, development and initiatives that promote a healthier industry. Every day, Nobina ensures that close to one million people arrive at work, school or other activities by delivering contracted public bus transport services in Sweden, Norway, Finland and Denmark. In addition, Nobina offers special public transport services under the brand Samtrans in the Swedish market. The company has sales exceeding SEK 9 billion (2017/18), more than 11,000 employees, and is headquartered in Solna, Stockholm. For more information, see Nobina’s website: www.nobina.com.
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