This report does not constitute a rating action. Overview Enterprise profile Financial profile Fastighets AB Forvaltaren is a public housing provider operating in and owned by the City of Sundbyberg, close to Stockholm. Forvaltaren benefits from the predictable cash flow from its stable and noncyclical revenue base while operating in a low-risk sector of the real estate market. --As a public housing provider, Forvaltaren benefits from strong demand for affordable housing units in its area of operations and plays a key role for the implementation of its owner’s housing development policies. --We think the entity's adjusted EBITDA margins will remain stable and continue receiving support from rent increases and lower vacancies in its portfolio. --We view the entity's management as
