Aktiespararnas analyst Robert Andersson on SBB's struggles on the stock market and the company's pressured position.
Image: Aktiespararna/SBB
Major stock drop for SBB: "A dysfunctional company given the interest rates"
Sweden —
SBB's B share plummeted over 16 percent on Monday and continued to drop slightly during Tuesdays early trading. On Monday evening the credit rating institute Fitch announced that it has lowered SBB's credit rating another five notches, down to B- from the previous BB+. Aktiespararnas analyst Robert Andersson says that SBB in its current form is a dysfunctional company given today's interest rates. "Either the company has to change or it will go under," he tells Nordic Property News.
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