The affirmation is supported by Compactor's low loan-to-value ratio and its strong total cost coverage.

The affirmation is supported by Compactor's low loan-to-value ratio, thanks to the upcoming debt repayment and strong total cost coverage despite significant dividend cuts at holdings. The Outlook change hinges on its exposure to commercial real estate.

The affirmation is supported by Compactor's high total cost coverage, which is expected to remain above 2x despite the rising interest environment.

The affirmation is supported by Compactor's high total cost coverage based on its recurring dividend income and modest loan/value ratio.

The rating is driven by Compactor´s high total cost coverage, based on stable recurring dividend income and a modest loan/value ratio. The liquidity of the company´s assets supports the rating further.