We forecast that Swedish public housing provider Fastighets AB Förvaltaren (Förvaltaren) will see continued pressure on its S&P Global Ratings-adjusted EBITDA margins because rent settlements are not fully compensating for inflation. However, we believe that Förvaltaren will be able to contain its debt intake since the amount of new development will remain low in current market conditions. We therefore affirmed our 'AA-/A-1+' long- and short-term issuer credit ratings on Förvaltaren. The outlook is stable. On Oct. 25, 2023, S&P Global Ratings affirmed its 'AA-/A-1+' long- and short-term issuer credit ratings on Fastighets AB Förvaltaren (Förvaltaren). The outlook is stable. We also affirmed the 'K-1' Nordic regional scale rating on Förvaltaren. The stable outlook reflects our view that Förvaltaren has sufficient
