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Four real-estate companies' issue ratings affirmed; removed from criteria review

Nordic Credit Rating (NCR) said today that it had affirmed the issuer ratings and issue ratings on Bonnier Fastigheter AB and its subsidiary AB Bonnier Fastigheter Finans (publ), Heba Fastighets AB (publ) and Vacse AB (publ), in accordance with our revised corporate rating methodology. The ratings on all four of these companies are no longer under criteria review.

Rationale

On 8 May 2022, NCR placed these issuers with public issue ratings on outstanding senior unsecured debt instruments under criteria review following the publication of its amended Corporate Rating Methodology. The amendments have had no effect on any outstanding long-term issuer or short-term issuer ratings on these issuers.

For further details, see the separate rating action report for each entity, which can be found on their respective NCR issuer pages.

Rating actions

IssuerLong-term  
issuer rating
New senior  
unsecured rating
Previous senior  
unsecured rating
AB Bonnier Fastigheter Finans (publ)BBBBBBBBB
Bonnier Fastigheter ABBBBBBBBBB
Heba Fastighets AB (publ)BBBBBBBBB
Vacse AB (publ)A-A-A-
    

Contacts:      
Sean Cotten, chief rating officer, +46735600337, sean.cotten@nordiccreditrating.com      
Gustav Nilsson, analyst, +46735420446, gustav.nilsson@nordiccreditrating.com

research Rating Real estate Real Estate Off