SBB has been assigned a BB rating with a positive outlook from Fitch
Fitch 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 following the BB rating with stable outlook SBB was assigned by S&P in January 2018.
"We are proud that an additional credit rating institute gives us a strong rating. This creates opportunities for further reduced funding costs, strengthened financial position and takes us one step closer to an Investment Grade rating," says Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB.
Fitch 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. The positive outlook reflects that SBB is on its way to an Investment Grade rating.
For further information, please contact:
Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB, +46 70 518 39 67, ilija@sbbnorden.se
This information is information that Samhällsbyggnadsbolaget i Norden AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was originally submitted for publication in Swedish, through the agency of the contact person set out above on May 30, 2018, at 17.55 CET.
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. SBB was named the winner of the 2017 Real Estate Company of the year Award. The company’s series B shares (short name SBB B) and preference shares (SBB PREF) are listed on Nasdaq First North Premier. Certified Adviser is Remium Nordic Holding AB (www.remium.com). More information about the company is available at www.sbbnorden.se.