Samhällsbyggnadsbolaget i Norden AB (publ) (“SBB”) has entered into a binding agreement to divest eight non-strategic properties with commercial tenants for approximately SEK 400m. This exceeds the latest external valuations (as of 30 September 2021) by 60 percent.
“We are selling the properties considerably above our most recent quarterly valuation and will use the proceeds to further strengthen our balance sheet with the aim of achieving a BBB+ rating,” says Oscar Lekander, Head of Business Development, Samhällsbyggnadsbolaget i Norden AB.
The company currently reports on its ratings as follows:
S&P Global Ratings
| Long-term Rating | Date | Outlook |
|---|---|---|
| BBB- | March 1, 2021 | Positive |
| Short-term Rating | Date | Outlook |
| A-3 | November 30, 2020 |
Fitch Ratings
| Long-term Rating | Date | Outlook |
|---|---|---|
| BBB- | November 25, 2020 | Positive |
| Short-term Rating | Date | Outlook |
| F3 | November 25, 2020 |
^^^ RATING EVIDENCE GmbH 
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