S&P affirms Hemsö’s rating A- with stable outlook

In June 2021 Standard and Poor’s (“S&P”) communicated that they had updated the criteria for “Public & Social Housing Providers” and for that reason decided that these criteria were no longer applicable for Hemsö.

S&P decided that Hemsö should be evaluated according to the criteria for traditional real estate companies (“Key Credit Factors For The Real Estate Industry”). At the same time Hemsö was placed on Credit Watch Negative. The evaluation of Hemsö according to these criteria has now been finalized and S&P have decided to affirm Hemsö’s credit rating A- with stable outlook, the same credit rating from S&P that Hemsö has had since 2015.

“It is good that we now have received the outcome from S&P as the uncertainty in relation to Hemsö’s long-term rating now diminishes, which is beneficial to all Hemsö’s lenders”, says Rutger Källén, Deputy CEO and CFO at Hemsö.

For further information, please contact:

Nils Styf, CEO                                                           + 46 8-501 170 01
Rutger Källén, Deputy CEO and CFO                       + 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 12:30 CET on 2 September 2021.

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 69.6 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.