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Research Update: Uppsalahem 'A+/A-1' Ratings On Watch Pos On Likely Strengthening Of Financial Risk Profile After Property Transaction
Standard & Poors, May 2011
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
We expect the stand-alone credit profile of Swedish public housing company Uppsalahem AB to improve as a result of a stronger balance sheet following an announced property transaction with Swedish property company Dombron (not rated). We are placing the ratings on Uppsalahem AB on CreditWatch with positive implications. We expect to resolve the CreditWatch placement within 90 days. On May 9, 2011, Standard & Poor's Ratings Services placed its 'A+' long-term and 'A-1' short-term issuer credit ratings on Sweden-based public housing company Uppsalahem AB on CreditWatch with positive implications. The CreditWatch placement reflects our expectations that an announced property transaction between Uppsalahem and Swedish property company Dombron will go ahead as planned. The expected cash proceeds of about Swedish krona...
Companies mentioned in this report are: Uppsalahem AB
Action: On CreditWatch:Positive