Higher inflation and increasing operating expenditure will weigh on Swedish public housing company Förvaltnings AB Framtiden's S&P Global Ratings-adjusted EBITDA margins through 2022-2024 and consequently weaken its debt to nonsales adjusted EBITDA. That said, we believe Framtiden will be able to absorb these pressures, thanks to its highly predictable revenue stream from rental activities and limited exposure to sales activities. We therefore affirmed our 'AA-/A-1+' long- and short-term ratings on Framtiden. The stable outlook reflects our expectation that Framtiden has sufficient financial flexibility and management expertise to handle rising pressure on its financial metrics. On Oct. 26, 2022, S&P Global Ratings affirmed its 'AA-/A-1+' long- and short-term issuer credit ratings on Swedish public housing provider Förvaltnings AB Framtiden. The outlook
