Hemsö Fastighets AB's large public-sector tenants base provides predictable revenues, balancing risks from its planned expansion, international presence, and higher share of private-sector corporate tenants than its rated peers. We expect Hemsö will maintain strong financial performance and a resilient balance sheet through 2020, while containing financing risks by lengthening the debt maturity profile and adding multilateral sources to its funding mix. We are affirming our 'A-/A-2' and 'K-1' ratings on Hemsö. The stable outlook reflects our view that Hemsö will continue reporting strong and stable operating cash flows and debt-service metrics, mitigating risks associated with the company's expansion over the next 24 months. On Dec. 19, 2017, S&P Global Ratings affirmed its 'A-/A-2' long- and short-term issuer credit ratings
