Fitch Upgrades SBB's Ratings on Debt Reduction, Removes Rating Watch Positive

12:54 AM EST, 12/23/2025 (MT Newswires) -- Fitch Ratings on Monday raised its long-term issuer default rating on Samhällsbyggnadsbolaget i Norden (SBB-B.ST) to B- from CCC+, with a stable outlook. The agency also removed the rating from rating watch positive. The upgrade follows the completion of the Swedish property company's latest bond tender offer, which led to the prepayment of 4.8 billion kronor in debt. The transaction was linked to the sale of SBB's community services portfolio to Public Property Invest (PUBLI.OL). Fitch also cited SBB's transition to an investment holding company as a supporting factor. However, it noted that the company's financial profile remains weak despite the recent debt reduction.