Moody’s Ratings announced on 8 May 2026 an increased credit rating for Assemblin Caverion Group to 'B1' with a stable outlook from a previous B2 rating. The upgrade reflects continued solid performance after a successfully executed merger between Assemblin and Caverion in 2024.
According to the press release published by Moody’s Ratings, the ratings upgrade reflects the successful execution of the business combination of Assemblin with Caverion which has led to a better-than-expected margin growth leading to a significant improvement in the company’s credit metrics and an improved business profile of the combined firm. Furthermore, according to the press release, the B1 rating continues to reflect the company's leadership position in the installation and service market in the Nordics, resilience from strong exposure to service and renovation, a strong track record of margin expansion and continued positive free cash flow.
“Moody’s Ratings’ decision to upgrade our credit rating to B1 serves as additional confirmation that our strategy is delivering results. It highlights the steady growth in our margins, disciplined execution and operational delivery, and ability to capture demand where it is strongest, all of which demonstrate our strong market position and capabilities as a Group,” says Philip Carlsson, Deputy Group CEO and Group CFO, EVP, Assemblin Caverion Group.
More information at https://ratings.moodys.com.
For further information, please contact:
Philip Carlsson, Deputy Group CEO and Group CFO, EVP, philip.carlsson@assemblin.se, +46 10 475 39 50
Åsvor Brynnel, Head of Group Communications and Sustainability, SVP, asvor.brynnel@assemblin.se, +46 10 475 39 48