S& P initiate coverage on SAS AB with BB credit rating – outlook stable
September 4, 2007 15:36
S&P has today initiated its rating of SAS AB with a BB credit rating.
SAS view the new rating positively and it supports the markets positive stance on current strategies and efficiency measures.
The new rating is expected to improve future funding cost and will broaden the investor base for the SAS Group.
The SAS Group operates in a capital-intensive industry and competitive funding cost is therefore important. For further information, contact Head of IR Vice President Sture Stölen + 46 70 997 1451
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