Interest rate concerns hang over Swedish real estate sector
Challenges financial rather than operational as likelihood of recession increases.
Real Estate
Overview of environmental reporting among NCR-rated real-estate companies
Stakeholder demand increases importance of robust environmental reporting.
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NCR comments: Bonnier Fastigheter AB T1 2022 report
Credit metrics remain strong in increasingly uncertain market.
NCR comments: Stenvalvet publishes financial targets and repays SEK 1bn in shareholder loans
Credit metrics remain strong, loan repayment credit neutral.
Rising interest rates dampen outlook for Swedish real estate
Interest coverage weakens across sector.
New short-term ratings assigned to corporate issuers
New ratings follow methodology update; ratings removed from criteria review.
Bane NOR Eiendom AS
Bane NOR Eiendom is a Norwegian property management and development company, which develops, owns and manages railway stations and workshops and develops commercial and residential real estate for sale. Bane NOR Eiendom is wholly owned by government-owned Bane NOR SF, which owns and operates the country's rail network and platforms.
Nordic Credit Rating publishes final amendments to short-term rating scale
All ratings placed Under Criteria Review.
NCR comments: Stenhus Fastigheter i Norden AB (publ) Q1 2022 report
Portfolio likely to double in third quarter due to proposed Randviken acquisition.
NCR comments: Studentbostäder i Norden AB (publ) Q1 2022 report
Improvement in operating margins, but covenant headroom remains limited.