Four issuer ratings affirmed; removed from criteria review
No rating changes under new support methodology.
Real Estate
NCR comments: Bonnier Fastigheter AB T3 2021 report
Strong credit metrics likely to weaken as substantial construction projects gain momentum.
NCR comments: Intea Fastigheter AB (publ) Q4 2021 report
Preparations accelerate for IPO in 2022.
Nordic Credit Rating publishes its final methodology for group and government support
Affected ratings placed under criteria review.
NCR comments: Studentbostäder i Norden AB (publ) Q4 2021 report
Quarterly revenues up sharply year on year, but covenant headroom remains limited.
NCR comments: Heba Fastighets AB (publ) Q4 2021 report
Increase in portfolio valuation supports stable loan-to-value levels.
NCR comments: NP3 Fastigheter AB (publ) Q4 2021 report
Substantial value increases bolster full-year profits.
NCR comments: CA Fastigheter AB Q4 2021 report
Solid earnings and higher property valuations keep credit metrics robust.
NCR comments: Sustainability-linked hybrid bonds
Treatment of step-up features can differ from that of regular hybrids.
esg
NCR comments: Vacse AB (publ) Q4 2021 report
Resilient margins enable solid full-year performance.