Credit rating is an assessment of a company's credit-worthiness. It helps investors to analyse the credit risks associated with fixed-income securities issued by the company.
SCA has had a long-term rating from Moody's Investor Service and Standard & Poor's (S&P) since 1994. The ratings have since then been changed three times. In 1996 SCA was upgraded from S&P to A- from BBB+ and in 2006 SCA was downgraded back to BBB+. In 2005 SCA was downgraded by Moody's to Baa1 from A3.
|
Long-term rating |
Outlook |
Short-term rating |
Short-term domestic rating |
| Moody's |
Baa1 |
Stable* |
P-2 |
|
| S&P |
BBB+ |
Stable** |
A-2 |
K1 |
The table above and the following rating history chart give an overview of the ratings assigned to SCA.
* Nov 9, 2007: Moody’s changed the outlook for the long-term debt rating to stable from negative. Moody's also affirmed the P-2 short-term issuer rating with a stable outlook.
** 17 October 2006: Standard and Poor’s Rating Services lowered its long-term corporate credit rating on Sweden-based hygiene and packaging paper producer Svenska Cellulosa Aktiebolaget SCA to BBB+ from A-. The outlook is stable. At the same time, the the A-2 short-term corporate credit rating on SCA and K-1 Nordic scale CP rating on related entity SCA Finans, AB were affirmed.