On November 15, S&P announced that they confirm Fastighets AB Balder’s credit rating BBB but revise the rating outlook from stable to negative.
The revised outlook reflects increased risk and some uncertainty regarding the refinancing of future credit maturities. Balder reconfirm the rating commitment to BBB and will take the necessary steps to support the balance sheet and credit metrics if required.
"All of these key figures are performing well and we are convinced that we will manage the refinancing with good margins in our key figures. As a part of managing upcoming maturities we have repurchased bonds after the third quarter," says Balder's CEO Erik Selin.