S&P moves Sato view to negative

S&P said it changed its outlook for Sato Oyj to negative from stable and affirmed its BBB issuer rating.

The rating action follows a similar action on Sato’s parent Fastighets AB Balder earlier this week, the agency said.

“The negative outlook indicates that we could lower the ratings on Sato over the next 12-24 months if Balder does not secure sufficient funding to meet upcoming financial obligations and avoid a material weakening of its liquidity position,” S&P said in a press release.

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