Fitch’s updated criteria may lead to rating upgrade for Hemsö

Fitch Ratings has updated its rating criteria and has chosen to place Hemsö Under Criteria Observation for a possible upgrade. It means that Hemsö’s credit rating may be upgraded due to the new criteria.

Fitch Ratings has updated its criteria for ”Government-Related Entities Rating Criteria” and ”Public Policy Revenue-Supported Entities Rating Criteria”. Hemsö has been placed Under Criteria Observation, as the rating agency makes the assessment that Hemsö’s rating may be upgraded. A decision will be announced within six months.

Hemsö’s current long-term credit rating is A+ with stable outlook, and short-term credit rating is F1+.

For more information, please contact:

Rutger Källén, CFO and Deputy CEO                       +46 (8)-501 170 35

This information is information that Hemsö Fastighets AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 13:00 CET on 18 January 2024.

Hemsö is Sweden’s leading owner of properties for public use. The business is based on sustainably owning, managing and developing properties for nursing home, education, health care and the judicial system. Hemsö has properties in Sweden, Germany and Finland. The hallmarks of Hemsö’s business are long-term leases and stable tenants. The Third Swedish National Pension Fund (AP3) is the majority owner. The total value of Hemsö’s property portfolio is SEK 84.4 billion. Hemsö’s credit rating from Standard & Poor’s has been A- since March 2015 while it has an A+ rating from Fitch Ratings since March 2021. More information can be found at: www.hemso.se.