Announcements

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      Instrument data
      Senority
      Senior Unsecured
      Currency
      SEK
      ISIN
      SE0012256741
      Coupon percent
      3.287%
      Coupon type
      Floating: Fixed Margin over Index
      Instrument volume
      500,000,000
      Maturity date
      14/02/2024
      -
      B- Outlook:
      B-
      Latest change
      Review
      18/09/2023
      General information
      Rating
      Public
      Solicited
      With issuer participation
      UK endorsed
      EU Rated
      Thomas Faeh Lead analyst
      Philipp Wass Committee chair
      Scope downgrades SBB’s issuer rating to CCC under review for a developing outcome

      18/9/2023 Rating announcement EN

      Scope downgrades SBB’s issuer rating to CCC under review for a developing outcome

      Weaker leverage and interest coverage, slow progress on the strategic review, liquidity and governance concerns and the dependence on asset sales to fund short-term debt obligations drive the downgrade.

      Scope downgrades SBB’s issuer rating to BB-; still under review for possible downgrade

      28/6/2023 Rating announcement EN

      Scope downgrades SBB’s issuer rating to BB-; still under review for possible downgrade

      The drivers of the downgrade are: deteriorating interest coverage; restricted access to capital and investment markets paired with SBB’s dependence on asset sales to fund short-term debt obligations; and limited visibility on the future portfolio.

      Samhällsbyggnadsbolaget I Norden AB downgraded to BBB-, placed under review for possible downgrade

      7/6/2023 Rating announcement EN

      Samhällsbyggnadsbolaget I Norden AB downgraded to BBB-, placed under review for possible downgrade

      The downgrade is driven by weaker interest coverage due to bond step-ups and the higher finance costs expected in the wake of SBB’s strategic review. The under-review status reflects uncertainty caused by the possible sale of all or part of SBB.

      Scope affirms BBB rating of Samhällsbyggnadsbolaget i Norden AB changes Outlook to Stable

      9/12/2022 Rating announcement EN

      Scope affirms BBB rating of Samhällsbyggnadsbolaget i Norden AB changes Outlook to Stable

      The Outlook change to Stable from Negative reflects an expected improvement in credit metrics following the spin-off of an education portfolio into a joint venture

      Scope affirms BBB rating of Samhällsbyggnadsbolaget i Norden AB, changing Outlook to Negative

      16/11/2022 Rating announcement EN

      Scope affirms BBB rating of Samhällsbyggnadsbolaget i Norden AB, changing Outlook to Negative

      The ratings affirmation is driven by the company's low-risk business model. The revised Outlook reflects a deterioration in credit metrics and uncertainty in the portfolio cleanup in a weakening market environment.

      Scope assigns first-time rating of BBB/Stable to Samhällsbyggnadsbolaget i Norden AB

      12/11/2021 Rating announcement EN

      Scope assigns first-time rating of BBB/Stable to Samhällsbyggnadsbolaget i Norden AB

      The ratings are driven by the Swedish real estate company’s low-risk business model, with strong asset quality and excellent tenants providing stable, predictable cash flows.

      Date Title