On June 7, S&P lowered the long-term rating to BB-. The new reduction thus comes quite shortly after the previous reduction. The outlook also remains negative.

S&P justifies the decision by saying that SBB has liquidity pressure and loans that are expiring. The credit valuation giant points out that the company has debts to manage within twelve months that are approximately double the market value.

Furthermore, S&P states that securing sufficient financing for SBB is taking longer than expected, and it is assessed that the real estate company's access to the capital markets will remain limited.