Saab receives investment grade credit rating from S&P Global
Saab has received an initial investment grade credit rating by S&P Global. The credit rating institute assigned Saab a rating of BBB+ with stable outlook.
S&P notes that Saab holds leading positions across its core divisions and long-term relationships with its customers, coupled with significant exposure to the robust defence industry. S&P further states that the BBB+ rating reflects Saab's strong balance sheet, conservative financial policy, and strong cash generation profile, supported by strong liquidity.
“We are pleased to have secured a BBB+ investment-grade rating from S&P Global. This rating gives us more flexibility and potential in the credit market for future financing,” says Christian Luiga, CFO and Deputy CEO of Saab.
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Saab is a leading defence and security company with an enduring mission, to help nations keep their people and society safe. Empowered by its 22,000 talented people, Saab constantly pushes the boundaries of technology to create a safer and more sustainable world. Saab designs, manufactures and maintains advanced systems in aeronautics, weapons, command and control, sensors and underwater systems. Saab is headquartered in Sweden. It has major operations all over the world and is part of the domestic defence capability of several nations.
