In their press release, Moody’s Ratings emphasize that the upgraded credit rating reflects Lantmännen’s strengthened business profile and stable operating performance over the last five years, coupled with a clear deleveraging trend. Moody’s also note Lantmännen’s broad business portfolio as a strength, as well as the company’s clear strategy to create both organic and acquisition-based growth.
“The credit rating is in line with our expectations, as well as proof of Lantmännen being a long-term financially solid company. The higher rating of Baa2 further improves our opportunities to secure financing at favorable terms. Moody’s also, once again, mention our acquisition strategy – which largely is centered on creating new synergies in our business portfolio – in positive words,” says Michael Sigsfors, CFO of Lantmännen.
If you have any questions, please contact:
Lantmännen Press Office
Phone: +46 10 556 88 00
Email: press@lantmannen.com