The upgrade reflects the sustainable improvement in the financial risk profile of the issuer in light of its ongoing divestment and reorganization programme.

The Positive Outlook reflects Scope’s expectations of strongly improved credit metrics following the divestment of the news media operations and reorganisation of the company.

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.