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 despite ours being predominantly an indexed-linked portfolio with very long WAULTS and an excellent tenant base. We look forward to presenting our report next week so everyone can assess our interest coverage ratio with Q2 numbers,” comments Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB.

For further information, please contact:

Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB, ilija@sbbnorden.se

Samhällsbyggnadsbolaget i Norden AB (publ) (SBB) is the Nordic region’s leading property company in social infrastructure. The Company’s strategy is to long term own and manage social infrastructure properties in the Nordics and rent regulated residential properties in Sweden, and to actively work with property development. Through SBB’s commitment and engagement in community participation and social responsibility, municipalities and other stakeholders find the Company an attractive long-term partner. The Company’s series B shares (ticker SBB B) and D shares (ticker SBB D) are listed on Nasdaq Stockholm, Large Cap. Further information about SBB is available at www.sbbnorden.se.