Epiroc assigned preliminary BBB+ credit rating from S&P Global Ratings
November 21, 2018
Stockholm, Sweden: Epiroc AB, a leading productivity partner for the mining, infrastructure and natural resources industries, has been assigned a preliminary BBB+ long-term issuer credit rating by S&P Global Ratings, with a stable outlook.
S&P Global states that the rating on Epiroc reflects a “leading global position as a provider of equipment for rock drilling and excavation, expected resilience against cyclicality in equipment demands thanks to its high-share of aftermarket sales revenues, as well as industry-leading EBITDA margins of around 23%-24%.”
“The BBB+ rating reflects Epiroc’s solid financial situation and leading market position,” said Anders Lindén, Epiroc’s Chief Financial Officer. “This credit rating is consistent with our expectations, confirms our long-term financial stability, and enables potential funding opportunities in the future.”
For more information please contact:
Ola Kinnander, Media Relations Manager
+46 70 347 2455
media@epiroc.com
Ola Kinnander, Media Relations Manager
+46 70 347 2455
media@epiroc.com
