EQT AB Assigned 'A-' Credit Rating by S&P
S&P Global Ratings has assigned EQT AB a Long-Term Issuer Credit Rating of 'A-' with a stable outlook. The rating is S&P's highest in the European asset management sector.
EQT AB has received a credit rating of 'A-' with a stable outlook from S&P Global Ratings, announced on July 10. This rating is noted by S&P as its highest public rating within the broader European asset management sector.
The rating reflects EQT's global leadership in active ownership strategies, consistent fundraising success, and a resilient financial profile. S&P highlighted EQT's diversified geographic footprint and business mix, which contribute to stable profitability compared to other asset managers with similar assets under management.
According to S&P's report, the stable outlook is based on expectations that EQT will continue strong fundraising and maintain minimal leverage below 1x. The agency also pointed to EQT's predominant role within its operating industries.
Kim Henriksson, EQT's Chief Financial Officer, stated, "We are delighted with S&P's initiated 'A-' rating, which is a testament to the strength of our business profile and prudent financial policy." This rating from S&P aligns with the existing 'A-/Stable' rating previously assigned by Fitch Ratings.
EQT is a global investment organization focused on active ownership, managing EUR 242 billion in total assets. The company has a track record of developing companies across various geographies and sectors over nearly three decades.