Thanks to Hemsö's strategy for active divestments and refinement of its property portfolio, tangible vacancy risks are diminishing, securing strong asset quality and supporting Hemsö's strong enterprise risk profile. We observe that Hemsö is adding multiple multilateral sources to its funding mix. This, together with active treasury management, is set to lengthen its debt maturity profile, creating a more resilient financial risk profile amid continuing ambitious expansion. 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 flow and debt-service metrics, mitigating risks associated with the company's expansion over the next 24 months. On June 7, 2018, S&P Global Ratings affirmed its 'A-/A-2' long-
