NCR Comments: Catena AB 'BBB' rating and outlook unchanged by planned equity issue and acquisition
No significant impact on credit profile likely.
Real Estate
Nordic Credit Rating's view on distressed exchanges
Clarification on defining distressed exchanges and defaults.
NCR comments: Main owners increase stake in Svenska Handelsfastigheter
Main owners demonstrate their commitment to the company.
NCR Comments: Catena AB 'BBB-' rating and outlook unchanged following equity issue
Impact of SEK2.1bn equity increase on risk appetite currently unclear.
Swedish real estate sector adapts to tougher financing climate
Pressure on interest coverage ratio set to decline; but vacancy risks are mounting.
NCR comments: Svenska Handelsfastigheter raises new equity from owners
Preference share issue is first step in planned revision of capital structure.
NCR comments: Sharp decline in property values in the third quarter of 2023
Declines of 6.4% will be recorded in the third-quarter results.
The Swedish real estate sector– waiting for sunshine after the rain
Policy rate peak in sight, but property value uncertainty remains.