Sandvik´s outlook upgraded
On April 18, 2018, S&P Global Ratings revised its outlook on Sandvik AB to positive from stable. At the same time the credit rating BBB+ on Sandvik´s debt was affirmed.
The positive outlook indicates that S&P Global Ratings can raise the credit rating if Sandvik sustains a strong credit ratio over the coming years.
S&P Global argues that Sandvik´s credit protection measures will continue to improve over 2018 on the back of strong operating performance and disposal proceeds used for continued debt reduction.