S&P Global Ratings ("S&P") has today affirmed Samhällsbyggnadsbolaget i
According to S&P:s rating metrics SBB:s anchor rating is positioned at BBB Flat thanks to revising upward SBB's business risk profile to "strong": "We are revising upward our assessment of SBB's business risk profile to strong from satisfactory because we consider its scale and size have improved, as well as its cash flow stability".
S&P concludes in commenting on the upside scenario: "We could raise the rating if SBB's financial policy became commensurate with higher-rated peers in the 'BBB' category. This would result in debt to debt plus equity staying firmly well below 55 per cent, EBITDA interest coverage strengthening to 3x or higher, and debt to EBITDA declining toward 13x or below, with the company maintaining a sizable portfolio of resilient asset classes in favourable locations".
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About Samhällsbyggnadsbolaget i
The company's strategy is to own, manage and develop community service properties throughout the Nordic region and rental apartments in growth regions in
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