Shares of SBB Fall as RE Company Faces Credit Rating Cut
Posted on 05/09/2023
Shares of Samhallsbyggnadsbolaget i Norden AB (SBB) fell after it said on May 8, 2023 it would halt dividend payments and ditch a planned share issue in the wake of a credit rating cut. SBB is a Swedish real estate company. Sweden is experiencing a slump in house prices. Earlier, S&P Global earlier cut SBB’s…
