In our view, Förvaltnings AB Framtiden's full integration into the City of Göteborg's in-house bank is now complete, suggesting that all the company's external refinancing risks have been transferred to the city. Given that Göteborg's city council has formalized financing to Framtiden, we expect this situation will continue, and regard it as ongoing support for Framtiden's stand-alone credit profile. We are affirming our 'AA-/A-1+' and 'K-1' ratings on Framtiden. The stable outlook reflects our expectation that over the next two years Framtiden's risks will remain limited. On Oct. 7, 2016, 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 is stable. At the same time, we affirmed
