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Sandvik’s rating upgraded to BBB+ by Standard & Poor’s Global Ratings

On December 4, 2017, Standard & Poor's Global Ratings upgraded its credit rating on Sandvik AB from BBB to BBB+, stable outlook.

The main reasons for the upgraded rating are that Sandvik’s performance has been strengthened supported by a market recovery, cost-saving measures and a reduced debt as a result of divestments.

"The improved credit rating recognizes the positive effects of our strategy and shows an improved confidence in a continued strong development of our operations," says Tomas Eliasson, EVP Finance, Sandvik Group.

Read more on the page 'Credit rating' in the Investors section

Sweden-based Engineering Group Sandvik upgraded to BBB+. (PDF document, 272 kB)

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