Landlord SBB Says It Can Cover Maturing Debt After S&P Downgrade

Swedish landlord SBB is likely to see a swift return of its credit rating to CCC after Standard & Poor’s cut the measure of risk to “selective default” based on a recent bond repurchase program, according to Treasury Director Helena Lindahl.

“We expect that the company will regain its previous rating once the entire bond repurchase has been completed, which will take place this afternoon,” Lindahl said in emailed comments.