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Research Update: Rating On Swedish Property Co. Specialfastigheter Sverige AB Raised To 'AA+'; Outlook Stable Nov 05 Product Image

Research Update: Rating On Swedish Property Co. Specialfastigheter Sverige AB Raised To 'AA+'; Outlook Stable Nov 05

  • ID: 1817189
  • November 2005
  • Region: Sweden
  • Standard & Poors

Abstract
On Nov. 8, 2005, Standard & Poor's Ratings Services raised its long-term issuer credit rating on Swedish state-owned property company Specialfastigheter Sverige AB to 'AA+' from 'AA'. At the same time, the 'A-1+' short-term rating and the 'K-1' Nordic-scale commercial paper rating on Specialfastigheter were affirmed. The outlook is stable. The upgrade reflects Standard & Poor's reassessment of Specialfastigheter's public policy role as the dominant provider of properties to core public services (such as the prison service and the police) in Sweden, as well as the stability of its operations. Although Specialfastigheter is a legally distinct entity from the government of Sweden, it has benefited from stable 100% ownership by the Kingdom of Sweden (AAA/Stable/A-1+), the high credit quality of...

Companies mentioned in this report are:
- Specialfastigheter Sverige AB
- Sweden (Kingdom of)

Action: Affirmed
Action: Outlook: Stable
Action: Upgraded

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance READ MORE >

- Specialfastigheter Sverige AB
- Sweden (Kingdom of)

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