Credit

Net debt

SEK million

As of December

2017

As of December

2016

Change

Revolving Credit Facility  4,464  5,080  -616
Borrowings, Current  903  103  800
Other interest bearing liabilities (1)  18  19  -1
2021 Notes  6,114  5,953  161
Total third party debt  11,499  11,155  344
Subordinated Shareholde Debt  4,872  5,251  -379
Total aggregated debt  16,371  16,406  -35
Total equity  1,995  -769  2,764
Total indebtedness and equity  18,366  15,637  2,729
Cash and cash equivalent  -1,083  -1,030  -53
Net debt (2)  17,283  14,607  2,676

(1) Other interest bearing liabilities is comprised of deposits.

(2) Net debt excludes capitalized borrowing costs.

  

Corporate ratings

Company Rating date Rating Outlook   Rating type
FitchRatings 2018-09-19 B+ Stable   Long-term Issuer Defalut rating
FitchRatings 2017-05-25 B+ Stable   Long-term Issuer Defalut rating
FitchRatings 2016-04-19 B+ Stable   Long-term Issuer Defalut rating

 

Ratings

Company Rating date Rating Outlook PIK Note Rating type
S&P Global Ratings 2018-01-29 B+ Positive B+ Long-term corporate credit rating
S&P Global Ratings 2017-05-25 B+ Stable B Long-term corporate credit rating
S&P Global Ratings 2016-04-19 B+ Stable B Long-term corporate credit rating

Ratings do not constitute a recommendation to buy, sell or hold any financial instruments issued by Corral Petroleum Holdings AB. As aforementioned ratings may be subject to amendment, action, suspension or withdrawal, website users are required to verify current long-term and short-term rating and current outlook.