S&P Global Ratings ("S&P") has upgraded Samhällsbyggnadsbolaget i
S&P concludes in commenting on the upside scenario: "We would raise the ratings to 'BBB' if SBB is able to integrate Hemfosa within its portfolio, while demonstrating its capabilities to significantly improve its debt-to-debt-plus-equity ratio to well below 55 per cent and EBITDA interest coverage to 2.4x or above on a sustainable basis."
"I am confident on integrating Hemfosa within SBB's portfolio and achieving the key financial thresholds needed to get BBB when having completed the acquisition of Hemfosa. The Board and the Management of SBB are committed to conservative finance policies and have a strong intention to actively manage its portfolio so that the balance shifts more towards social infrastructure (elderly care homes, group housing and schools) and rent regulated residentials focusing on the target to achieve and maintain a BBB+ rating within the next 12 months," says
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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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