...- In light of the COVID-19 outbreak, we have revised our base-case assumptions by adjusting the revenue growth and capital expenditure forecast. - Overall, we believe that Hems÷ Fastighets AB has headroom in the rating to withstand potential pressure on its financial performance. - Hems÷ continues its strategy of divesting noncore assets in more rural regions to concentrate its property portfolio in and around larger cities where demand is higher, leading to improved asset quality and lower vacancy rates. - In 2020, the company will receive another capital injection from its owner to allow for continued expansion while simultaneously strengthening the capital structure in line with updated financial policies. - We are affirming our 'A-/A-2' and 'K-1' ratings on the company. - The stable outlook reflects our view that Hems÷ will uphold its strong financial performance and contain debt buildup, mitigating risks associated with the company's expansion over the next 24 months....
