Heimstaden Bostad upgraded to 'BBB' by S&P
S&P Global Ratings today announced that it has upgraded Heimstaden AB's subsidiary, Heimstaden Bostad AB, to 'BBB' with a stable outlook. The rating agency cites Heimstaden Bostad’s strengthened residential portfolio, enhanced earnings base and strong financial discipline as key reasons for the upgrade.Heimstaden Bostad is the first large investment grade residential real estate operating company globally to by upgraded by S&P in the last 12 months. Heimstaden Bostad follows an ambitious strategy for responsible growth with strong financial results and conservative financial policies.