Retail properties under pressure
Nordic Credit Rating (NCR) believes that retail property owners in the Nordic region will face challenges
Real Estate
Offentliga Hus i Norden AB (publ)
The rating was withdrawn on 14 Oct. 2021.
NCR comments: Fastighets AB Stenvalvet 2019Q2 report
Our 'BBB+' issuer and issue ratings for Fastighets AB Stenvalvet (Stenvalvet) are unchanged following the publication of its mid-year results.
NCR comments: Vacse AB 2019Q2 report
Our 'BBB+' issuer and issue ratings for Vacse AB (publ) are unchanged following the publication of its Q2 2019 results.
Swedish community service properties - a stable but broad asset class
NCR views the community service asset class as a supportive factor when assessing the creditworthiness of real estate companies.
Fastighets AB Stenvalvet (publ)
Fastighets AB Stenvalvet (publ) was founded in 2010 when AI Pension, Alecta Pension foundation and the Church of Sweden's pension foundation joined together with the purpose of purchasing, developing and managing homes for the elderly in the Mälardalen region. Following the acquisition of Roxanne Real Estate Foundation AB in 2014, the ownership structure was broadened to include Kåpan Pensions and the Swedish Foundation for Strategic Research.
NCR comments: Vacse AB 2019Q1 report
Our 'BBB+' issuer and issue ratings for Vacse AB are unchanged following the publication of its Q1 2019 financial report.
Nordic bond maturities in 2019 - a slightly more challenging affair
Our analysis suggests the issuers may have to refinance 2019 maturities at a premium from current levels.
NCR comments: Vacse AB 2018Q4 report
Our 'BBB+' issuer and issue ratings for Vacse AB are unchanged following the publication of its 2018 results.
NCR comments: Vacse's ratings unchanged following shareholder loan conversion
Nordic Credit Rating (NCR) said today that Vacse's 'BBB+' issuer and issue ratings are unchanged following an announcement that its subordinated shareholder loans have been converted to equity.