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Debt and credit rating

SAS is rated by three credit-rating agencies: Moody’s, Standard & Poor’s and the Japanese agency, Rating and Investment Information  Inc (R&I).

Current credit ratings

Credit rating instituteCorporate credit ratingOutlook
Moody’sB1Stable
Rating and Investment InformationB+Stable
Standard & Poor’sB+Stable

To ensure access to a broad base of financing sources, it is a goal for SAS to maintain a level of indebtedness that over the long term permits SAS to be viewed as an attractive borrower. In support of this goal, SAS has established financial targets that can be viewed here.

The diagram above shows planned amortization of SAS’ interest-bearing liabilities.

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