Moody's Investors Service has in a press release affirmed AB Sagax's credit rating of Baa3 and changed the outlook from stable to positive. The change to positive outlook reflects the continued strong operating and financial performance of Sagax.
Comment by Björn Garat, CFO, Sagax:
- "Sagax's credit rating of Baa3 with a positive outlook confirms the strengthened credit profile of Sagax and further improves the financing possibilities on the capital market"
For more information, please contact CEO David Mindus tel. +46 8 545 83540.
About AB Sagax
AB Sagax is a property company whose business concept is to invest in commercial properties, primarily in the
warehouse and light industry segment. Sagax's property holdings at 30 September 2021 amounted to 3,699,000 square metres, distributed between 725 properties. AB Sagax (publ) is listed on Nasdaq Stockholm, Large Cap. More information is available at www.sagax.se.