Research Update: Verisure Midholding AB Outlook Revised To Positive From Stable On Steady Deleveraging; 'B+' Rating Affirmed - S&P Global Ratings’ Credit Research

Research Update: Verisure Midholding AB Outlook Revised To Positive From Stable On Steady Deleveraging; 'B+' Rating Affirmed

Research Update: Verisure Midholding AB Outlook Revised To Positive From Stable On Steady Deleveraging; 'B+' Rating Affirmed - S&P Global Ratings’ Credit Research
Research Update: Verisure Midholding AB Outlook Revised To Positive From Stable On Steady Deleveraging; 'B+' Rating Affirmed
Published Apr 08, 2025
9 pages (3561 words) — Published Apr 08, 2025
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

We expect that Verisure Midholding AB (Verisure)?s strong growth trajectory will continue over 2025-2026, leading to an average annual increase in revenues and EBITDA of about 10%-14%. Given Verisure?s financial leverage target of below 4.5x (about 5.0x as adjusted by S&P Global Ratings) and its recent announcement of a strategic review, including a potential IPO, we expect Verisure?s leverage to gradually decrease from 5.3x on an S&P Global Ratings-adjusted basis at the end of 2024 to below 5.0x in 2025 and 4.3x by the end of 2026. We therefore revised our outlook on Verisure to positive from stable and affirmed our ?B+? long-term issuer credit rating on Verisure. We also affirmed our ?B+? issue ratings on its senior secured debt

  
Brief Excerpt:

...We expect that Verisure Midholding AB (Verisure)'s strong growth trajectory will continue over 2025-2026, leading to an average annual increase in revenues and EBITDA of about 10%- 14%....

  
Report Type:

Research Update

Ticker
1333653D
Issuer
Verisure Midholding AB
Sector
Global Issuers
Country
Sweden
Region
Europe, Middle East, Africa
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Verisure Midholding AB Outlook Revised To Positive From Stable On Steady Deleveraging; 'B+' Rating Affirmed" Apr 08, 2025. Alacra Store. May 12, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Verisure-Midholding-AB-Outlook-Revised-To-Positive-From-Stable-On-Steady-Deleveraging-B-Rating-Affirmed-3349929>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Verisure Midholding AB Outlook Revised To Positive From Stable On Steady Deleveraging; 'B+' Rating Affirmed Apr 08, 2025. New York, NY: Alacra Store. Retrieved May 12, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Verisure-Midholding-AB-Outlook-Revised-To-Positive-From-Stable-On-Steady-Deleveraging-B-Rating-Affirmed-3349929>
  
US$ 225.00
$  £  €
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