Sweden-based Vacse AB Assigned 'BBB+' Rating; Outlook Stable
On 25 October 2018, Nordic Credit Rating assigned its 'BBB+' long-term and 'N-1+' short-term issuer credit ratings to Vacse AB (publ), a Swedish real-estate management company focused on leasing to public-sector entities. The outlook is stable. In addition, Vacse's senior unsecured debt was rated 'BBB+'.Rating rationaleOur 'BBB+' long-term issuer rating on Vacse reflects the company's strong portfolio of modern, tailor-made properties leased on very long contracts (averaging around 11 years) to highly creditworthy public-sector authorities that are essential to Sweden's public security.