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September 14, 2020

Swedish forest companies receive lower credit ratings

Swedish forest companies receive lower credit ratings
One of Sweden's largest forest industry groups has its credit rating lowered by the credit rating agency Standard & Poor's, which, however, believes in a clearing soon again.    The American credit rating agency Standard & Poor's (S&P) has lowered the credit rating for the forestry company SCA to BBB- from BBB with reference to seeing "weak market conditions". It reports the newspaper Affärsvärlden.    S&P estimates that the market situation for SCA will lead to lower revenues and EBITDA for the company during 2020 ...

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