Strong market fundamentals in the city of Göteborg and Forvaltnings AB Framtiden's focus on core operations ease the impact of the COVID-19 pandemic. Framtiden only has limited exposure toward nonresidiential tenants, providing resilience toward pandemic-induced vacancies and rent losses. Demand for the company's properties remain strong, supported by population growth and a housing shortage in Göteborg. S&P Global Ratings expects Framtiden's long-term strategies will remain firm, focusing on providing the increasing population with rental housing. The company's debt burden is set to rise on increasing investment, mainly related to new construction. Framtiden has gradually ramped up its investment in new construction over the past years. As a result, its debt burden is set to increase moderately throughout our forecast period
