Fitch Lowers Rating to 'B-' for Heimstaden AB, Revises Outlook to Rating Watch Negative

REG

Fitch lowers Heimstaden AB’s Long-Term Issuer Default rating (IDR) to ‘B-‘ and revises the Outlook to Rating Watch Negative (RWN) from Negative.

Today Fitch stated “Heimstaden AB’s RWNs reflect the execution risk of its bond issuance planned for 1Q25 together with today’s tender offer to repay bonds maturing in 2025 and 2026. An unsuccessful bonds issuance will result in refinancing risk for its October 2025 bond, pointing to a rating downgrade. A successful bonds issuance leading to sufficient liquidity until its March 2027 refinancing risk, may result in an affirmation of the IDR with a Negative Outlook."
 

Datum 2025-01-10, kl 19:10
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