Balder receives positive outlook from Moody’sBalder receives positive outlook from Moody’s
Since December 2016 Balder has an Investment Grade rating from Moody’s of Baa3 with a stable outlook. Moody’s has now changed the outlook to positive from stable. Since February 2017 Balder also has an Investment Grade rating from S&P of BBB with a stable outlook.
"We have changed the outlook on Balder's long term issuer rating to positive from stable because of the company's improved debt maturity profile and unencumbered asset ratio following recent and planned senior unsecured bond issuances whose proceeds will refinance outstanding short dated secured debt”. says Maria Gillholm, Moody's Vice President – Senior Credit Officer and lead analyst on Balder.
For further information, please contact
CEO Erik Selin, tel. +46 706 074 790 or
Head of Finance Marcus Hansson, tel. +46 768 369 848
This is information that Fastighets AB Balder is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted forpublication, through the agency of the contact person set out above, at 17.05 CET on August 25, 2017.
Fastighets AB Balder is a listed real estate company which shall meet the needs of different customer groups for premises and housing through local support. Balder's real estate portfolio had a value of SEK 89.0 billion (77.5) as of 30 June 2017. The Balder share is listed on Nasdaq Stockholm, Large Cap