Nordic Credit Rating (NCR) affirmes Platzer's BBB- issuer rating. However, the outlook is revised from stable to negative in the light of changed market conditions with increasing interest rates and higher yield requirements on properties.
Today Nordic Credit Rating (NCR) affirmed Platzer's BBB- issuer rating. NCR has in the light of changed market conditions with increasing interest rates and higher yield requirements on properties decided to revise the outlook in Platzer's rating from stable to negative. NCR's decision reflects their expectation that interest coverage ratio and net loan-to-value are likely to weaken and remain at weaker levels longer than projected, although the finalisation of projects and contract indexations will contribute positively.
- Given the changed market conditions for the property sector the changed outlook is not unexpected, says Fredrik Sjudin, cfo Platzer. With continued focus on our core activities, successful lettings operations, access to liquidity and strong, long-term owners we continue with long term focus.
For more information, please contact:
Fredrik Sjudin, cfo, Platzer, tel: +46 (0)721 27 77 78
This is information that
https://news.cision.com/platzer-fastigheter-holding-ab--publ-/r/platzer-bbb--issuer-rating-affirmed-but-outlook-revised-from-stable-to-negative,c3862135
https://mb.cision.com/Main/8443/3862135/2385790.pdf
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