Sweden-based security services provider Securitas AB has reported stable operating performance and credit metrics. The group continues to invest in its high-margin technology offering, which is driving growth. We are therefore affirming our 'BBB' long-term issuer credit and senior unsecured debt ratings on Securitas. We are also revising our liquidity assessment on Securitas to exceptional from strong because we expect its sources of liquidity to notably exceed uses over the next two years. The stable outlook reflects our view that Securitas will be able to maintain its steady organic growth and profitability as the revenue contribution from its security solutions and technology businesses gradually increases. On May 26, 2016, S&P Global Ratings affirmed its 'BBB/A-2' long- and short-term corporate credit
