- Home
- Equities - Stocks - Shares
- Company Press Releases
- S&P Affirms 'BBB' Investment Grade Rating For Heimstaden Bostad, Revises Outlook To Negative From Stable
S&P Affirms 'BBB' Investment Grade Rating for Heimstaden Bostad, Revises Outlook to Negative from Stable
15 Dec 2022 17:15 CET
Issuer
Heimstaden Bostad AB
S&P affirms Heimstaden Bostad's 'BBB' rating and revises the Outlook to Negative
from Stable. The outlook revision is due to S&P's belief that credit metrics
could potentially come under pressure from increasing interest rates.
Following the successful implementation of material acquisitions in the recent
years, and in alignment with other rated peers with similar business risk
strengths, S&P has adjusted the rating thresholds for the current rating level
to EBITDA Interest Coverage Ratio sustainably above 1.8x (down from 2.4x) and
Net Debt to Net Debt plus Equity below 60% (up from 55%).
Contact
Arve Regland, CFO
+47 479 07 700
arve.regland@heimstaden.com
Malin Lethenström, DCM
+44 77 48 05 58 21
malin.lethenstrom@heimstaden.com
Thomas Hvitstein, IR
+47 907 02 452
ir@heimstaden.com
About Heimstaden Bostad
Heimstaden Bostad is a leading European residential real estate company with
around 154,000 homes across 9 countries with a property value of SEK 337
billion. We acquire, develop, and manage properties with an evergreen
perspective. Guided by our Scandinavian heritage and values Care, Dare and Share
- our 2,200 colleagues fulfil our mission to enrich and simplify our customers'
lives through Friendly Homes. Read more at www.heimstadenbostad.com.
This information is such that Heimstaden Bostad AB (publ) is required to publish
in accordance with the EU Market Abuse Regulation. The information was
submitted, through the agency of the above contact persons, for publication on
15 December 2022 at 17:15 CET.
More information:
Access the news on Oslo Bors NewsWeb site
Source
Heimstaden Bostad AB
Provider
Oslo Børs Newspoint
Company Name
Heimstaden Bostad AB 18/24 FRN, Heimstaden Bostad AB 20/25 2,019% C, Heimstaden Bostad AB 20/25 FRN C, Heimstaden Bostad AB 21/24 FRN, Heimstaden Bostad AB 21/28 FRN, Heimstaden Bostad AB 21/26 FRN
ISIN
NO0010838899, NO0010906951, NO0010906944, NO0010976319, NO0010976335, NO0010976327
Market
Oslo Børs