...Sveafastigheter AB (publ)'s (Svea) ratings reflect the completion of its merger with KlaraBo Sverige AB (publ) and Svea's progress in extending its debt maturity profile, reducing refinancing risk. The combined SEK47 billion residential-for-rent property portfolio enhances Svea's diversification within Sweden, expands its scale, and increases its share of income-producing properties. The extension of Svea's secured bank debt maturities and a recent euro bond issuance have extended Svea's debt maturity profile to more than four years. Fitch Ratings forecasts Svea's financial profile will remain robust with a net debt/EBITDA of about 14x in 2027 and an EBITDA net interest cover of 1.8x, aided by the all-equity merger and the resultant higher share of income-producing properties....
