Fitch assigns first-time rating “A” to Hemsö
Fitch Ratings assigns a long-term rating of “A” with stable outlook to Hemsö. Fitch has also assigned the short-term rating of F1+.
Hemsö continues to grow in Sweden, Finland and Germany why the company has diversified its financing with funding on the international capital markets. To increase transparency and accommodate some investors’ requirements has Hemsö chosen to add Fitch Ratings as rating agency. It aims to contribute to a better understanding of the company’s business model and financial risk profile. Hemsö has now two rating agencies that evaluate the company’s credit profile.
Rating Agency Long-term Rating Short-term Rating Reporting date
Fitch Ratings A F1+ 2020-04-01
Standard and Poor’s A- A-2 2020-03-25
“Due to our unique business model and public ownership Hemsö differs from a traditional commercial real estate company. This is illustrated in a good way with both S&P and Fitch Ratings having applied an analytical approach that fits Hemsö’s business model and ownership. With two well regarded rating agencies, both providing strong rating levels, we now hope more investors will support us when we continue to build the social infrastructure of the future that is so much needed for the public sector in Sweden, Finland and Germany,” says Rutger Källén, Deputy CEO and CFO at Hemsö.
This information is information that Hemsö Fastighets AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 13:45 CET on 1 April 2020.