S&P Global downgrades Rikshem’s long-term rating one notch to BBB+
The credit rating agency S&P Global today announced that they downgrade Rikshem’s long-term rating one notch to BBB+ with stable outlook. Short-term rating A-2 and K-1 on S&P’s Nordic scale are affirmed.In February, S&P Global (S&P) announced that they had placed Rikshem on Credit Watch Negative due to Rikshem's updated ownership directives and new financial targets. Now, S&P has decided to apply their rating criteria “Key Credit Factors for the Real Estate Industry” instead of as previously “Methodology for Rating Public and Nonprofit Social Housing Providers” on Rikshem. As a consequence,