Advania AB, a leading Northern European IT services provider, announces a significant milestone in its growth journey with the completion of credit ratings from both S&P Global Ratings and Fitch Ratings. These independent assessments strengthen Advania's financial foundation as it continues its expansion across Northern Europe.
Both rating agencies have assigned Advania a 'B' category rating with Stable Outlook, reflecting the company's strong market position and growth trajectory. S&P Global assigned a 'B' rating, while Fitch Ratings provided an expected Long-Term Issuer Default Rating (IDR) of 'B(EXP)'.
"Securing ratings from two leading agencies marks an important step in Advania's evolution," says Hege Støre, Advania Group CEO. "These independent assessments support our strategy of combining organic growth with strategic acquisitions, while maintaining our focus on creating value for clients."
The ratings enable Advania to optimize its capital structure through a €820 million term loan package across multiple currencies, reflecting the company's international presence and supporting continued growth initiatives.
Since 2021, Advania has nearly tripled its revenue through strategic acquisitions and organic growth, establishing itself as a key player in the Northern European IT services market. The company maintains its commitment to delivering mission-critical IT solutions to mid-market clients, with a continued focus on operational excellence and client satisfaction.
