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![Scope downgrades SBB’s issuer rating to CCC under review for a developing outcome](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_bc193ec6ccc5f7170acd9964682589a7c84eefe0ae178e23b13e5ef8c7b309a4.jpg)
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](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_43740405f1d682ac498e08ff42c81c95427d1ad11396b911e43db99fbdf3c84a.jpg)
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](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_3faa24b6e0bcea37f531b7abd02b259d2aa3774b9144f7e1eefdcc84a662a657.jpg)
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, changing Outlook to Negative](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_d5154e71e0f7e3e0a88c45ac69a3851faf93f3b4294da679eed3cde1dc17ff85.jpg)
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.