Epiroc assigned preliminary BBB+ credit rating from S&P Global Ratings
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."