Förvaltaren enjoys a highly predictable revenue stream from its rental housing activities, and it performs an important public policy role for the City of Sundbyberg. The company has sufficient financial headroom to cope with higher cost pressure and additional investments in its existing housing stock while developing new residential units. We affirmed our 'AA-/A-1+' and 'K-1' ratings on Förvaltaren. The stable outlook reflects our view that Förvaltaren has sufficient financial flexibility and management expertise to handle rising pressure on its financial metrics. On Oct. 25, 2022, S&P Global Ratings affirmed its 'AA-/A-1+' long- and short-term issuer credit ratings on Swedish public housing provider Fastighets AB Förvaltaren. The outlook is stable. At the same time, we affirmed our 'K-1' short-term Nordic
