Moody's confirms Atrium Ljungberg's rating, Baa2 with negative outlook
In April 2023, Moody’s confirmed Atrium Ljungberg’s rating at Baa2 but changed the outlook from stable to negative. Moody’s has now confirmed an unchanged rating, i.e., Baa2 with a negative outlook.
The rating reflects the high quality of the property- and project portfolio, a well-diversified customer structure, a stable balance sheet, and a good financial position. Atrium Ljungberg strives for well-diversified financing in terms of both funding sources and maturities, and therefore the rating is important.
“The fact that the market has confidence in us and understands our business and long-term approach is a crucial prerequisite for future investments", says Ulrika Danielsson, Atrium Ljungberg’s CFO.
Nacka, 19/12/202
Atrium Ljungberg AB (publ)
This information is information that Atrium Ljungberg AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 07:30 CET on 19 December 2023.
For additional information, please contact:
Ulrika Danielsson, CFO Atrium Ljungberg, tel. +46 (0) 70-647 12 61, ulrika.danielsson@al.se
Atrium Ljungberg is one of Sweden’s biggest listed property companies. We own, develop and manage properties in growth markets in Stockholm, Uppsala, Gothenburg and Malmö. Our focus is on developing attractive urban environments for offices and retail, supplemented with residentials, culture, service and education. The total letting area is approximately 1 million m2, distributed across around seventy properties and valued at SEK 58 billion. Our retail hubs draw almost 30 million visitors on an annual basis and our areas include more than 30,000 workers and students as well as 1,000 residents. Our project portfolio will enable us to invest the equivalent of approximately SEK 40 billion in the future. Atrium Ljungberg is listed as ATRLJ-B.ST on the Nasdaq Stockholm Large Cap list. Find out more at www.al.se