Standard & Poor's BBB

The credit rating agency Standard & Poor’s has assessed Akelius’ credit risk to BBB.

The business risk profile is considered to be in the upper end of “strong”,
based on very low country risk, low industry risk and a strong competitive position.
The financial risk is considered to be significant.

Akelius strives for a rating of BBB+ or better.
Akelius aims for an excellent business risk and a moderate to significant financial risk assessment.

issuer credit rating  
long-term BBB, stable outlook
short-term A2, stable outlook
Nordic regional scale K2
business risk upper end of strong
financial risk significant
liquidity adequate
   
issue credit rating unsecured debt  
long-term BBB, stable outlook
short-term A2, stable outlook
Nordic regional scale K2
   
issue credit rating hybrid bond  
issue BB+


upside
"…improves its EBITDA interest coverage ratio close to 2.4x or above and its ratio of debt to debt plus equity to below 50 percent."

downside
"…if Akelius' leverage increases, with debt to debt plus equity well above 55 percent... or if EBITDA interest coverage remains at 1.5x or below."

reports on Akelius by Standard & Poor's

issuer credit rating
issuer credit rating unsecured debt
issuer credit rating hybrid bond

more information

Standard & Poor's website