Moody´s affirms Fabege rating Baa2, negative outlook
In November 2022 Moody´s affirmed Fabege rating Baa2 but changed outlook from stable to negative. Moody´s has now affirmed unchanged rating, i.e Baa2, negative outlook.
Fabege has been active on the capital market for many years via commercial paper and bonds. Fabege´s balance sheet continues to be strong with a high equity ratio and a low loan-to-value ratio. Fabege´s focus on the Stockholm market with a modern portfolio in attractive locations and stable customers guarantees continued stability in business.
“For Fabege it is important to make investors aware of our high quality and our long-term approach. We’re delighted to have received this acknowledgement of the company’s financial stability via the affirmation from Moody’s”, comments Åsa Bergström, CFO at Fabege.
“We are also pleased to see increased activity and improved conditions on the bond market during the autumn. Our objective is to be an active participant in the capital market”, concludes Åsa Bergström.
Fabege AB (publ)
This information is information that Fabege AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation(596/2014). The information was submitted for publication, through the agency of the contact person set out above, at 2023-11-03, 14.43 CET.
For further information, please contact:
Åsa Bergström, Vice president and CFO, +46 70 666 13 80, asa.bergstrom@fabege.se
Niclas Sylvén, Head of treasury, +46 70 351 70 29, niclas.sylven@fabege.se
With a focus on mainly commercial properties, Fabege develops attractive locations in the Stockholm area. We are a present partner that puts people front and centre. Our innovative, responsible and flexible ethos enables companies, locations and our city to develop and thrive. We take a long-term approach in our perspective and ownership. We know that when we create sustainably, we also create value. The Fabege share is listed on Nasdaq Stockholm, in the Large Cap segment. For further information, please visit us at fabege.com.
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