Akelius Residential Property Proposed Sr Unsecured Notes Rated 'BBB-'; Outstanding Sr Unsecured Debt Upgraded To 'BBB-' - S&P Global Ratings’ Credit Research

Akelius Residential Property Proposed Sr Unsecured Notes Rated 'BBB-'; Outstanding Sr Unsecured Debt Upgraded To 'BBB-'

Akelius Residential Property Proposed Sr Unsecured Notes Rated 'BBB-'; Outstanding Sr Unsecured Debt Upgraded To 'BBB-' - S&P Global Ratings’ Credit Research
Akelius Residential Property Proposed Sr Unsecured Notes Rated 'BBB-'; Outstanding Sr Unsecured Debt Upgraded To 'BBB-'
Published Nov 02, 2016
3 pages (1335 words) — Published Nov 02, 2016
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

Swedish residential real estate company Akelius Residential Property AB plans to issue senior unsecured notes partly for general corporate purposes and to repay outstanding secured debt. We are assigning our 'BBB-' issue rating to the proposed notes and raising our issue ratings on Akelius' outstanding senior unsecured debt to 'BBB-' from 'BB+', in line with the issue rating on the proposed notes. The issue ratings on the senior unsecured notes are in line with the 'BBB-' long-term corporate credit rating on Akelius, reflecting our expectations that the company will reach our threshold ratio of secured debt to total assets of less than 25% within the next 12 months. FRANKFURT (S&P Global Ratings) Nov. 2, 2016--S&P Global Ratings said today that

  
Brief Excerpt:

...+ Swedish residential real estate company Akelius Residential Property AB plans to issue senior unsecured notes partly for general corporate purposes and to repay outstanding secured debt. + We are assigning our '###-' issue rating to the proposed notes and raising our issue ratings on Akelius' outstanding senior unsecured debt to '###-' from '##+', in line with the issue rating on the proposed notes. + The issue ratings on the senior unsecured notes are in line with the '###-' long-term corporate credit rating on Akelius, reflecting our expectations that the company will reach our threshold ratio of secured debt to total assets of less than 25% within the next 12 months. FRANKFURT (S&P Global Ratings) Nov. 2, 2016--S&P Global Ratings said today that it had assigned its '###-' long-term issue rating to the proposed senior unsecured notes to be issued by Akelius Residential Property AB (###-/Stable/A-3). The completion and size of the transaction will be subject to market conditions, but...

  
Report Type:

Ratings Action

Issuer
Sector
Global Issuers, Structured Finance
Country
Region
Europe, Middle East, Africa
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Akelius Residential Property Proposed Sr Unsecured Notes Rated 'BBB-'; Outstanding Sr Unsecured Debt Upgraded To 'BBB-'" Nov 02, 2016. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Akelius-Residential-Property-Proposed-Sr-Unsecured-Notes-Rated-BBB-Outstanding-Sr-Unsecured-Debt-Upgraded-To-BBB-1748879>
  
APA:
S&P Global Ratings’ Credit Research. (). Akelius Residential Property Proposed Sr Unsecured Notes Rated 'BBB-'; Outstanding Sr Unsecured Debt Upgraded To 'BBB-' Nov 02, 2016. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Akelius-Residential-Property-Proposed-Sr-Unsecured-Notes-Rated-BBB-Outstanding-Sr-Unsecured-Debt-Upgraded-To-BBB-1748879>
  
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