In light of the rising market interest rates and the risk of the interest coverage ratio deteriorating, Moody's has decided to change the outlook from stable to negative.
The change reflects Moody's view of risk in today's climate of inflation and rising market interest rates. Against the background of the great unrest in the capital market, the changed outlook is not unexpected.
Fabege's balance sheet continues to be strong with a high equity ratio and a low loan-to-value ratio. Fabege's focus on the Stockholm market with a modern portfolio in attractive locations and stable customers guarantees continued stability in the business.
Fabege AB (publ)
This information is information that Fabege AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation(596/2014). The information was submitted for publication, through the agency of the contact person set out above,
at 22 November 2022, 08:31 CET
For further information, please contact:
Stefan Dahlbo, President and CEO, +46 (0) 8 555 148 10, stefan.dahlbo@fabege.se
Åsa Bergström, Vice President and CFO, +46 (0) 70 666 13 80, asa.bergstrom@fabege.se
Niclas Sylvén, Head of Treasury, +46 (0) 70 351 70 29, niclas.sylven@fabege.se
With a focus on mainly commercial properties, Fabege develops attractive locations in the Stockholm area. We are a present partner that puts people front and centre. Our innovative, responsible and flexible ethos enables companies, locations and our city to develop and thrive. We take a long-term approach in our perspective and ownership. We know that when we create sustainably, we also create value. The Fabege share is listed on Nasdaq Stockholm, in the Large Cap segment. For further information, please visit us at fabege.com.
https://news.cision.com/fabege/r/moody-s-affirms-fabege-baa2-rating--outlook-changed-to-negative,c3669550
https://mb.cision.com/Main/1568/3669550/1685894.pdf
(c) 2022 Cision. All rights reserved., source Press Releases - English
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