Yale upgrades Trelleborg’s Russia response to B

Following Trelleborg Group’s confirmation that it cancelled plans to invest in new manufacturing facilities in Russia following Russia’s invasion of Ukraine at the end of February, Yale School of Management has upgraded the Swedish-based rubber products specialist business from grade “F” to “B”.

Yale defines B-graded firms as “companies temporarily curtailing most or nearly all operations while keeping return options open”, which is the university’s second-best rating in its ranking of responses to Ukraine invasion-related sanctions against Russia.

The development marks a significant turnaround from this morning where, despite Trelleborg Group’s clarification, Trelleborg was still rated “F” on Yale’s scale. Yale defines F as “defying demands for exit or reduction of activities”.