S&P Global Ratings announced 9 September 2025 an increased credit rating for Assemblin Caverion Group to 'B+' with a stable outlook from a previous B rating. The upgrade reflects continued solid performance and a successfully executed merger between Assemblin and Caverion last year.
According to S&P Global Ratings, the upgrade and stable outlook are based on a successful integration of Assemblin Caverion Group after the combination of Assemblin and Caverion in April 2024, resulting in declining restructuring costs, as well as a forecast expansion in EBITDA margins with a solid free cash flow generation and ample liquidity for ongoing bolt-on acquisitions.
“The upgrade to a B+ credit rating from S&P Global Ratings is, in my mind, yet more evidence that we are on the right track. It reflects confidence in our continued performance and strategy showcased through our increasing margins and strong cash flow”, says Philip Carlsson, Group CFO, Assemblin Caverion Group. “We have truly become stronger together with significant operational synergies and growing commercial success in our complementary businesses,” he continues.
More information at https://www.spglobal.com/en
For further information, please contact:
Philip Carlsson, Group CFO, Assemblin Caverion Group, philip.carlsson@assemblin.se, +46 73 275 38 04
Åsvor Brynnel, EVP and Head of Communications and Sustainability, Assemblin Caverion Group, asvor.brynnel@assemblin.se, +46 10 475 39 48