NCR comments: Vacse AB (publ) Q3 2020 report
Our 'A-' issuer and issue ratings on Swedish property company Vacse AB (publ) are unchanged following the publication of its third-quarter results.
Real Estate
Bonnier Fastigheter AB
Bonnier Fastigheter dates back to 1856, when the company acquired its first property on Riddarholmen in central Stockholm. Over the years, the property portfolio has evolved, and currently comprises 16 properties in Greater Stockholm and Uppsala. Bonnier Fastigheter is a long-term property owner; eight of the properties have been in the portfolio since 1990 or earlier. The company is one of three legs of the Bonnier family's corporate holdings – the other two being media conglomerate Bonnier Group AB and investment company AB Boninvest.
Correction: Axfast AB (publ) report republished due to a correction for operating leases; 'BBB' rating unchanged
Our 'BBB' long-term issuer rating on Axfast AB (publ) (Axfast) is unchanged following a correction regarding NCR's adjustment for the company's operating leases.
Nordic Credit Rating's view on corporate preferred shares
NCR explains its views on preferred shares when evaluating the financial risk of individual companies.
NCR comments: Fastighets AB Stenvalvet (publ) Q2 2020 report
Our 'BBB+' issuer rating on Swedish property manager Fastighets AB Stenvalvet (publ) is unchanged following the publication of the company's second-quarter results.
NCR comments: Svensk FastighetsFinansiering AB (publ) 2020Q2 report
Our 'BBB+' issuer and issue ratings on Svensk FastighetsFinansiering AB (publ) are unchanged following the recent maturity of bonds and the publication of second-quarter results by its owners.
NCR comments: HEBA Fastighets Aktiebolag 2020Q2 report
Our 'A-' issuer rating on Swedish property company HEBA Fastighets Aktiebolag (HEBA) is unchanged following the publication of its second-quarter results.
NCR comments: Intea Fastigheter AB (publ) 2020Q2 report
Our 'BBB+' issuer and issue ratings on Swedish property company Intea Fastigheter AB (publ) are unchanged following the publication of its second-quarter results.
Axfast AB (publ)
Axfast is a commercial property management company focusing on high-end and centrally located properties in the Stockholm region. Having previously held properties in both Gothenburg and Uppsala, the company now focuses entirely on office, retail, hotel and logistics properties in Stockholm. The company's primary strategy is to manage multi-use properties for office and ground-level retail and restaurants and to grow via large one-off acquisitions and development in Stockholm's central business districts.
NCR comments: Vacse AB (publ) Q2 2020 report
Our 'BBB+' issuer and issue ratings on Swedish property company Vacse AB (publ) (Vacse) are unchanged following the publication of its second-quarter results.