Akelius revises the financial policy
Akelius revised financial policy limits the maximum loan-to-value to 45 percent.The previous limit was 40 percent.The minimum interest coverage ratio is still set to 2.0. Cash sources shall cover the capital needs of the upcoming year and with high probability the needs of two years. Akelius remains committed to an issuer credit rating of minimum BBB. CFO Leiv Synnes: - Akelius’ new direction leads to higher cash flow from the properties. The new direction includes fewer investments and reduced vacancy due to upgrading. Improved cash flow, long-term debt, and a