We believe Framtiden's financial performance will improve following its planned revenue and expense efficiency measures. At the same time, Framtiden's debt will likely increase as a result of the group's upcoming capital expenditure. We are affirming our 'AA-/A-1+' and 'K-1' ratings on Framtiden. The stable outlook reflects our expectation that, despite rising debt, Framtiden's financial management will stick to its financial policy and maintain a strong financial performance. On Oct. 17, 2017, 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 our 'K-1' short-term Nordic regional scale rating on Framtiden. We expect Framtiden's capital expenditures will reach high levels
