This is Heimstaden’s first credit rating. Key attributes highlighted by Fitch include:
- Majority owner and manager of Heimstaden Bostad, a leading residential property company in Europe with large scale exposure to high-quality residential assets.
- Unique governance framework characterised by a shareholder agreement that controls the relationship between the institutional owners and majority owner and manager, Heimstaden AB.
- Holding company with recurring income streams from Heimstaden Bostad for debt service.
“We are very pleased to have received our inaugural credit rating from Fitch, which positively reflects Heimstaden AB’s strong position as the majority owner and manager of one of Europe’s leading residential real estate companies. Heimstaden has a strategy for sustainable growth with financial stability and this rating will contribute to improving our capital market access going forward,” said CFO Arve Regland.
Fitch today also initiated coverage of Heimstaden’s subsidiary, Heimstaden Bostad, with a ‘BBB’ rating with stable outlook.
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