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+ |
Negative** |
A-2 |
K1 |
The table above and the following rating history chart give an overview of the ratings assigned to SCA.
* October 29, 2009: Moody's Investors Service changed the outlook from negative to stable for the Baa1 senior unsecured rating. At the same time, Moody's affirmed the ratings at Baa1 and Prime-2.
** October 29, 2008: Standard & Poor's Rating Services revised the outlook to negative from stable. At the same time, all ratings on SCA were affirmed, including the 'BBB+' long-term, 'A-2' short-term corporate credit ratings and K-1 Nordic scale CP rating.