S&P affirms Storskogen’s credit rating BB and changes the outlook from negative to stable

On 24 September, S&P Global Ratings (“S&P”) affirmed Storskogen Group AB’s (“Storskogen”) credit rating (Corporate Family Rating) of BB and changed the outlook from negative to stable.

“I am pleased that our efforts have resulted in an improved outlook from S&P. This is a testament to the fact that our progress in reducing net debt, extending and improving the maturity profile of our debt portfolio, as well as having divested a number of low performing companies have improved our credit profile. This provides a solid foundation as we continue to focus on operational improvements in the second half of the year”, says Lena Glader, CFO, Storskogen.