Fitch Initiates Coverage and Assigns Heimstaden AB a BB+ Rating
Fitch Ratings (“Fitch”) has today initiated coverage of Heimstaden AB (“Heimstaden”) and assigned a rating of ‘BB+’ with stable outlook. The rating takes into consideration the effect of Heimstaden Bostad’s recently announced acquisition of Akelius’ German, Swedish and Danish residential properties and operations.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