Fitch Initiates Coverage and Assigns Heimstaden Bostad a BBB Rating
Fitch Ratings (“Fitch”) has today initiated coverage of Heimstaden Bostad and assigned an investment grade rating of ‘BBB’ with stable outlook. The rating takes into consideration Heimstaden Bostad’s recently announced acquisition of Akelius’ German, Swedish and Danish residential properties and operations.Key attributes highlighted by Fitch include: · Strong position as one of the leading residential property companies in Europe with large scale exposure to high-quality, residential assets. · Broad geographic footprint across markets with favourable fundamentals. · Diversified