The affirmation reflects Schibsted's strong market positions in the Nordics, which continue to shape profitability and cash flows through Schibsted's Nordic Marketplaces segment. It also reflects continued good financial flexibility.

The affirmation reflects the company’s continued satisfactory operating performance, leading positions in lucrative markets and a robust financial risk profile.

The rating reflects the company's solid operating performance, backed by a leading position in online classifieds and media and a robust financial risk profile that includes moderate leverage and strong liquidity.