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Senast redigerad av EBITDADDY 2023-03-05 kl. 20:18.
Senast redigerad av EBITDADDY 2023-03-05 kl. 20:18.
Sänkt kreditbetyg till B1 från Moody's med negativa utsikter:
Snart dags för nytt ATL kanske?
Moody's Investors Service (Moody's) downgraded Storskogen Group AB's (Storskogen or the company) long term corporate family rating (CFR) to B1 from Ba3 and its probability of default rating (PDR) to B1-PD from Ba3-PD. Moody's also changed the outlook to negative from ratings under review. This concludes the ratings review initiated on 26 October 2022.https://www.moodys.com/research/Moodys-downgrades-Storskogen-to-B1-outlook-negative--PR_475058
The downgrade of the CFR to B1 incorporates Storskogen's somewhat aggressive liquidity management approach. The company is addressing upcoming maturities simultaneous with its plans to undertake operational improvements, all during a macro environment of sluggish growth, high interest rates, tight financing conditions, and lower valuations in equity markets and real estate. The extension of its revolver and term loan provide Storskogen with adequate liquidity for the next two years, but Moody's anticipates the company will need to access capital markets in the first half of 2024 to address maturities in 2024 and 2025 unless upcoming maturities can be covered with sizeable working capital releases and divestiture proceeds.
...
The outlook is negative and reflects execution risks with regards to refinancing of upcoming debt maturities, divestitures and the ability to implement cash-enhancing optimization measures.
Snart dags för nytt ATL kanske?
Citat:
Inget att förvånas över om det nu skulle ske, men då kan du ju köpa billigare aktier om det nu är det du lurpassar på? Sänkt kreditbetyg till B1 från Moody's med negativa utsikter:
Snart dags för nytt ATL kanske?
Moody's Investors Service (Moody's) downgraded Storskogen Group AB's (Storskogen or the company) long term corporate family rating (CFR) to B1 from Ba3 and its probability of default rating (PDR) to B1-PD from Ba3-PD. Moody's also changed the outlook to negative from ratings under review. This concludes the ratings review initiated on 26 October 2022.https://www.moodys.com/research/Moodys-downgrades-Storskogen-to-B1-outlook-negative--PR_475058
The downgrade of the CFR to B1 incorporates Storskogen's somewhat aggressive liquidity management approach. The company is addressing upcoming maturities simultaneous with its plans to undertake operational improvements, all during a macro environment of sluggish growth, high interest rates, tight financing conditions, and lower valuations in equity markets and real estate. The extension of its revolver and term loan provide Storskogen with adequate liquidity for the next two years, but Moody's anticipates the company will need to access capital markets in the first half of 2024 to address maturities in 2024 and 2025 unless upcoming maturities can be covered with sizeable working capital releases and divestiture proceeds.
...
The outlook is negative and reflects execution risks with regards to refinancing of upcoming debt maturities, divestitures and the ability to implement cash-enhancing optimization measures.
Snart dags för nytt ATL kanske?
Citat:
Ptja blir det tillräckligt billigt ska jag väl inte utesluta det. Men det är en bit därifrån även med nuvarande värdering. Till EV/EBIT 10 går det hitta många andra intressantare bolag nu med betydligt lägre skuldsättning.I synnerhet är det ju trist att vara en serieförvärvare med hög skuldsättning nu. Istället för att kunna fokusera på att förvärva nu när värderingarna börjat komma ner lite så får man ägna sig åt att beta ner skulden.
Nu börjar rapporten närma sig och spänningen stiger. 
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