S&P revises Securitas view to stable

S&P said it revised the outlook for Securitas AB to stable from positive and affirmed the company’s BBB ratings.

“We believe that Securitas' security services business, which generated over SEK 110 billion in revenues in 2019, will maintain stable credit metrics during the Covid-19 pandemic,” said S&P in a press release.

“However, we no longer expect the company's funds from operations (FFO) to debt to increase and stay above 35% over the next two years in the more challenging economic environment resulting from the pandemic,” the agency said in a press release.

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