Search results for: “sbb”
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A doubtful future in Sweden
Evolution from stable to negative, as expected (see RATING.REPAIR): Ilija Batljan Invest AB (IB Invest) is a Swedish holding company with a dominant core holding in SBB i Norden. SBB i Norden is a real estate company or an entity involved in real estate investments. The company has recently proposed postponing its dividend payments, leading…
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Descent as expected
Credit rating agency S&P Global Ratings has downgraded Samhallsbyggnadsbolaget i Norden AB (SBB), a Swedish landlord, to ‘BB+’ from ‘BBB-‘, due to high leverage and tightening liquidity, and assigned a negative outlook. SBB’s committed credit facilities have halved in the first quarter and the company has significant short-term debt maturities of over SEK 14 billion…
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Scope Downgrades Ilija Batljan Invest AB to BB+/Stable from BBB-/Stable
Ilija Batljan Invest’s deteriorated total cost coverage and increase in leverage, which Scope does not expect to recover in the short-to-medium term, drive the downgrade. It happened the way it had to. Here on RATING.REPAIR, we pointed out two years ago that the rating of this company needs to be repaired. Scope Ratings GmbH (Scope)…
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A “Security” That Loses 20% in a Single Day
Around 20% fall in the stock market in a single day – that’s the report for Samhallsbyggnadsbolaget I Norden AB Class B shares today, Thursday, July 14, 2022. Stocks with such loss potential can hardly promise the security to warrant an investment grade rating for the investment company holding those stocks. “Scope affirm’s Ilija Batljan…
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Incline Downwards
It came as it had to come – there is news about this rating, reported today: The credit rating agency S&P Global Ratings today announced that they are confirming Samhällsbyggnadsbolaget i Norden AB (publ)’s investment grade rating BBB- and outlook has been updated to negative from stable. SBB has BBB-rating with positive outlook from Fitch…
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What is the balance sheet about?
Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB, fights for the reputation of his group. RATING EVIDENCE has had several occasions to report on this entrepreneur and his company on this and another website, rating.repair and everling.de. RATING©REPAIR is the name of the virtual repair shop as a B2B service, a brand name…
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After Shopping for Credit Ratings, ESG Ratings May Be Next
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It Happened the Way it Had To
The news is not entirely unexpected, as this company became a case for RATING©REPAIR some time ago (see here). Samhällsbyggnadsbolaget i Norden AB (publ) (SBB) is now taking measures to prevent the credit rating from slipping after all. Now the company is selling two properties in Norrtälje for an agreed property value of approximately SEK…
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New Political and Economic Burdens Ignored
Scope affirms Ilija Batljan Invest AB’s issuer rating at BBB-/Stable. This news must come as a surprise given the current economic and political challenges that have meanwhile added to the factors that already made an “investment grade” rating seem questionable last year.
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A New Move in the Rating Shopping Spree
Samhällsbyggnadsbolaget i Norden AB (publ) (SBB) attracted attention due to the rating shopping spree of its main shareholder.
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Sweden’s Foremost Entrepreneur
A Swedish entrepreneur strives for glamor and distinction. The case of the entrepreneur Ilija Batljan showed what special features can appear.
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Clear Rating Target Defined
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…
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Looking for a Rating Methodology – Where?
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Ilija Batljan’s Rating Shopping Spree
Are upgrades driven by improvements in creditworthiness or by hopping from agency to agency? The activities of self-made millionaire Ilija Batljan are too conspicuous to be ignored in the financial markets. Ilija Batljan came to Sweden from Montenegro. He moved to Sweden in 1993 during the breakup of his native Yugoslavia and in 1996 earned…
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