Nordic bank creditworthiness stable despite COVID-19 impact
Our average credit assessment of over 300 Nordic banks remains at the 'bbb+' level.
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Heba Fastighets AB (publ)
Heba was founded in 1952 and has been listed since 1994, with many of the original founders' families maintaining active ownership stakes. The company primarily manages and develops residential rental properties in the greater Stockholm area. It also manages community-service properties for care of the elderly, group homes, and day care facilities in the region.
Intea Fastigheter AB (publ)
Intea was founded in 2015 with support from pension foundations associated with, among others, Svenska Handelsbanken AB, SAAB AB and AB Volvo. The company is focused on highly specialised and purpose-built properties within the community services subsegment in Sweden. Specific markets served by Intea include the judiciary system, universities and public hospitals. Intea has chosen to avoid less-specialised community service markets such as care homes for the disabled and the elderly, nurseries, and schools, which are served by many of its peers.
Danske Hypotek AB (publ)
Danske Hypotek is a wholly owned Swedish subsidiary of Danske Bank and has been authorised to issue covered bonds in Sweden since 2017. The company was created to provide access to Sweden's covered bond market and to finance Danske Bank's Swedish mortgage loans in the same manner and as its competitors. All of the loans financed by Danske Hypotek were acquired from Danske Bank's Swedish branch given that the company itself does not conduct any new lending business.
COVID-19 response upends Nordic commercial property market
The COVID-19 pandemic is likely to have a strong negative impact on the Nordic commercial property sector.
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ESG factors in corporate ratings
NCR outlines how it takes ESG factors into consideration when assessing corporates.
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Nordic niche banks face uncertain future for nonperforming loans
Given coordinated efforts of the central banks and regulators, NCR believes that the COVID-19 crisis will be more about credit risk than the lack of liquidity observed during the financial crisis.
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Svensk FastighetsFinansiering AB (publ)
Svensk FastighetsFinansiering AB (publ) (SFF) is a joint venture founded in 2014 with common stock divided equally among Fabege, Catena, Diös, Platzer and Wihlborgs. The company is a financing vehicle for its owners, issuing secured debt and green bonds for selected CRE properties associated with its owners' core business in accordance with the prospectus for its medium-term note (MTN) program. SFF is the only source of secured capital market financing for each of its owners and by pooling the assets of the owner companies provides its owners with an alternative to bank financing.
Cabonline Group Holding AB (publ)
The rating was withdrawn on 11 Dec. 2020.
Nordic Credit Rating's view on corporate hybrid securities
In this commentary NCR describes its view of the various features of corporate hybrid instruments and explains how they affect our view on equity treatment in our corporate credit analysis.