Fitch Ratings announced on 27 May 2026 an increased credit rating for Assemblin Caverion Group to 'B+', with a positive outlook, from a previous 'B' rating. The upgrade reflects continued strong performance following a successfully executed Assemblin-Caverion combination in 2024.
According to the press release published by Fitch Ratings, the upgrade reflects the Group’s structurally improved leverage profile. Fitch Ratings also highlights the successful integration of Assemblin and Caverion, stronger-than-expected profitability, and continued positive development in margins and free cash flow. The rating is further supported by the Group’s active M&A strategy and track record of bolt-on acquisitions in core technical services, with a clear focus on smaller targets that fit well with existing operations and culture.
“Fitch Ratings’ decision to upgrade our credit rating to B+ further confirms the positive trajectory of our business and the strength of the Group we have built. It reflects improved credit metrics, steady margin development, disciplined execution and our ability to deliver strong operational performance across markets,” says Philip Carlsson, Deputy Group CEO and Group CFO, EVP, Assemblin Caverion Group.
More information at https://www.fitchratings.com.
For further information, please contact:
Philip Carlsson, Deputy Group CEO and Group CFO, EVP, philip.carlsson@assemblincaverion.com, +46 10 475 39 50
Åsvor Brynnel, Head of Group Communications and Sustainability, SVP, asvor.brynnel@assemblincaverion.com, +46 10 475 39 48