Very strong financial performance, due to very stable and predictable cash-flow streams based on long-term lease contracts. Low industry risk for the major business segments: residences for the elderly, schools, health care facilities, and premises for the legal sector. A low vacancy rate, thanks to strong demand for public service premises and high asset quality. Average-to-strong economic fundamentals, strategy and management, and liquidity compared with peers'. Higher exposure than peers to private-sector corporate tenants (37% of revenues) as well as active expansion internationally. The ratings on Swedish public service property provider Hemsö Fastigheter AB are based on Hemsö's stand-alone credit profile (SACP), which Standard&Poor's Ratings Services assesses at 'a-' owing to the company's strong enterprise and financial risk
