Clear Rating Target Defined

Outlooks

Samhällsbyggnadsbolaget i Norden AB (publ) (“SBB”) has entered into a binding agreement to divest eight non-strategic properties with commercial tenants for approximately SEK 400m. This exceeds the latest external valuations (as of 30 September 2021) by 60 percent.

“We are selling the properties considerably above our most recent quarterly valuation and will use the proceeds to further strengthen our balance sheet with the aim of achieving a BBB+ rating,” says Oscar Lekander, Head of Business Development, Samhällsbyggnadsbolaget i Norden AB.

The company currently reports on its ratings as follows:

S&P Global Ratings

Long-term RatingDateOutlook
BBB-March 1, 2021Positive
Short-term RatingDateOutlook
A-3 November 30, 2020

Fitch Ratings

Long-term RatingDateOutlook
BBB-November 25, 2020Positive
Short-term RatingDateOutlook
F3November 25, 2020

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