S&P has revised SBB rating outlook to a BB rating with a positive outlook

Report this content

S&P Global Ratings has today announced that Samhällsbyggnadsbolaget i Norden AB (publ) ("SBB") has been assigned a BB rating with positive outlook. This is SBB’s second public rating from a leading credit rating agency with a BB rating with positive outlook following the BB rating with positive outlook SBB was assigned by Fitch in May 2018.

"S&P emphasizes our strengthened financial position and indicates a possible rating upgrade. We are continuing our journey to an Investment Grade rating," says Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB.

S&P highlights in its rating SBB’s stable revenue and high-qualitive low-risk portfolio consisting of Swedish rental residentials and Nordic community service properties, where municipalities or the state ultimately guarantee the tenants.

For further information, please contact:

Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB, +46 70 518 39 67, ilija@sbbnorden.se

About Samhällsbyggnadsbolaget i Norden AB (publ)

The company’s strategy is to own, manage and develop community service properties throughout the Nordic region and rental apartments in growth regions in Sweden. Through the company's commitment and engagement in community participation and social responsibility, municipalities and other stakeholders find the company an attractive long-term partner. At the beginning of 2018, SBB was named the winner of the Real Estate Company of the Year Award for 2017. The company’s series B shares (short name SBB B), D shares (short name SBB D) and preference shares (SBB PREF) are listed on Nasdaq First North Premier. Certified Adviser is Erik Penser Bank (contact: certifiedadviser@penser.se / +46 84638300). More information about the company is available at www.sbbnorden.se.