Standard & Poor’s BBB rating for SATO Corporation

HELSINKI: SATO Corporation has obtained a BBB rating with a stable outlook from rater Standard & Poor’s. At the same, SATO has decided to end the cooperation with its previous rater Moody’s.

SATO is one of Finland’s leading rental housing providers. SATO aims to offer a comprehensive choice of rental housing and an excellent customer experience. At year-end 2018 SATO owned around 25,900 apartments in Finland’s largest growth centres and in St. Petersburg.

SATO promotes sustainable development and initiative through operations and work in open interaction with stakeholders to generate added value.

The SATO Group’s net sales in 2018 were EUR 290 million, operating profit EUR 273 million and profit before taxes EUR 231 million. The value of SATO’s investment properties was roughly EUR 3.9 billion.

Edited by Kazim Rizvi

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