According to Scope, the rating is driven by the SBB's low-risk business model, with a strong asset quality and excellent tenants providing stable and predictable cash flows.
"SBB has a strong financial position and we are working hard to continue to provide more information to the market about our low-risk assets. This is our first BBB rating and we feel confident with our journey to achieve a BBB+ rating in short term and an A- rating in the long term," says
Scope outlines in the rating SBB's pathway to a BBB+ rating: "A positive rating action would require the Scope-adjusted LTV ratio to improve to below 50 percent on a sustained basis, while keeping interest coverage comfortably above three times."
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Samhällsbyggnadsbolaget i
https://news.cision.com/samhallsbyggnadsbolaget-i-norden-ab/r/sbb-has-been-assigned-a-bbb-rating-with-stable-outlook-from-scope,c3453409
https://mb.cision.com/Main/15487/3453409/1496127.pdf
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