Real Estate

No rating changes made under revised issue rating methodology.

• Read more about Four real-estate companies' issue ratings affirmed; removed from criteria review

All corporates with ratings on outstanding senior unsecured instruments placed 'Under Criteria Review'.

• Read more about Nordic Credit Rating publishes final amendments to issue rating methodology for corporate issuers

No impact on debt treatment, slightly positive for credit metrics.

• Read more about NCR comments: Stendörren repurchases SEK 287.5m of outstanding hybrid bond

Efforts to reduce purchased energy likely to remain relevant through 2023. esg

• Read more about Soaring energy prices increase financial significance of green investments

Property value declines likely to add to financial risk. 2023-outlook

• Read more about Sweden's real-estate sector faces growing challenges

Challenges financial rather than operational as likelihood of recession increases.

• Read more about Interest rate concerns hang over Swedish real estate sector

Stakeholder demand increases importance of robust environmental reporting. esg

• Read more about Overview of environmental reporting among NCR-rated real-estate companies

Credit metrics remain strong in increasingly uncertain market.

• Read more about NCR comments: Bonnier Fastigheter AB T1 2022 report

Credit metrics remain strong, loan repayment credit neutral.

• Read more about NCR comments: Stenvalvet publishes financial targets and repays SEK 1bn in shareholder loans

Interest coverage weakens across sector.

• Read more about Rising interest rates dampen outlook for Swedish real estate