The Outlook change to Stable from Negative reflects an expected improvement in credit metrics following the Brookfield investment in SBB:s education property portfolio.
Scope Ratings has today affirmed the BBB issuer rating of Samhällsbyggnadsbolaget i
The Outlook for SBB is Stable and reflects Scope's view that the Brookfield investment in SBB:s educational property portfolio and the residential spin-off of
A positive rating action would require the Scope-adjusted LTV ratio to remain significantly below 50 percent on a sustained basis, with interest coverage remaining close to 3x. This could be driven by a lower proportion of debt-funded capex, decreased refinancing needs through stronger-than-anticipated portfolio cash flows, a strong improvement in market sentiment resulting in fair value appreciations, or a change in the funding mix.
For further information, please contact:
Marika Dimming, IR and Head of Sustainability, Samhällsbyggnadsbolaget i
Samhällsbyggnadsbolaget i
https://news.cision.com/samhallsbyggnadsbolaget-i-norden-ab/r/scope-affirms-bbb-rating-of-sbb--changes-outlook-to-stable,c3679716
https://mb.cision.com/Main/15487/3679716/1726474.pdf
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