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S&P Initiates Coverage and Assigns a B- rating to Heimstaden AB

REG

S&P Global Ratings ("S&P") initiates coverage of Heimstaden AB ("Heimstaden") and assigns an issuer rating of `B-' with a Negative Outlook.

The assignment of the S&P rating constitutes a "Positive Rating Event" under the hybrid bond documentation of ISIN SE0012455111.