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Akademiska Hus AB Jul 09
Standard & Poors, July 2009
Abstract
Very strong link to owner, the Kingdom of Sweden High likelihood of government support in event of financial distress Excellent business risk due to key role as leading provider of premises to Sweden's university sector Sound and predictable cash flow due to stable rent base through long-term lease agreements and low vacancy rates Sound capitalization levels and stable interest coverage ratios Lack of revenue diversity and limited revenue generation possibilities Slight duration mismatches between revenue and financing Uncertain property values due to general downturn in property market The 'AA' ratings on Akademiska Hus are based on the company's stand-alone credit profile (SACP), which Standard & Poor's Ratings Services assesses at 'AA-', as well as on our opinion that there is...
Companies mentioned in this report are: Akademiska Hus AB,Sweden (Kingdom of)
Action: Review
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.
Research Type: Full Analysis
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