SATO Corporation signs EUR 350 million revolving credit facilities

LONDON: SATO Corporation strengthened its liquidity position by signing a total of EUR 350 million committed revolving credit facilities with Nordea Bank Oyj, Danske Bank A/S, Finland Branch, OP Corporate Bank plc, Swedbank AB (publ), Svenska Handelsbanken AB (publ), Branch Operation in Finland. The new credit facilities without asset-based securities have a maturity of three…

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…