Fund Management

Sweden’s property crunch worsens after SBB gets junk rating

S&P Global Ratings lowers its credit rating for Swedish Samhallsbyggnadsbolaget i Norden AB (SBB) while signalling another downgrade could come.
Photo: Illustrasjonsfoto: Colourbox
Photo: Illustrasjonsfoto: Colourbox
By Charles Daly & Anton Wilen, bloomberg

The funding squeeze gripping Sweden’s leveraged property sector worsened on Monday after one of the country’s biggest commercial landlords saw its credit rating cut to junk with a warning that a further downgrade is possible.

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