Castellum Aktiebolag has decided to terminate its long-term credit rating with the rating institute Standard & Poor’s Global Ratings (”S&P”)
Castellum believes that a single credit rating is sufficient to support the 'Back to Basics' strategy. Castellum will continue to maintain its long-term credit rating from Moody’s. Moody’s has recently confirmed Castellum’s credit rating of Baa2 with stable outlook.
The financial policy remains unchanged, with a loan-to-value ratio not permanently exceeding 40 percent, an interest coverage ratio of at least 3 times, and an ambition to always strive for an investment grade rating.
For more information, please contact:
Christoffer Strömbäck, CFO, Castellum Aktiebolag, +46 70 249 72 55
Fredrik Elliot, Head of Treasury, Castellum Aktiebolag, +46 8 503 052 74