S&P confirms Balder’s credit rating BBB and changes the outlook from negative to stable
On 11 November S&P announced that they confirm Balder’s credit rating BBB and changes the rating outlook from negative to stable.A stable investment grade rating is important considering Balder’s strategy of having a broad funding base at a favourable cost. The company has a long track record in building a real estate business with a size and diversification, that is very well suited for both bond financing and secured bank loans. "It is pleasing that we can now sum up this interest rate cycle with an unchanged rating, and an earnings capacity which, even after interest costs, is higher