Summary: Hemso Fastigheter AB

The ratings on Swedish public service property provider Hemsö Fastigheter AB are based on Hemsö's stand-alone credit profile (SACP), which Standard&Poor's Ratings Services assesses at 'a-' owing to the company's strong enterprise and financial risk profiles. According to our criteria "Principles of Credit Ratings," published Feb. 16, 2011, on RatingsDirect, we determine the ratings on Hemsö by benchmarking against factors described in our criteria for rating public housing providers, grouped under industry risk, economic fundamentals, market position, financial performance, debt, liquidity, and financial policies. Hemsö differs from its peers by being a relatively new organization, having a higher exposure to private-sector corporate tenants (37% of revenues), and actively expanding internationally. In determining the long-term rating on Hemsö, we

...The ratings on Swedish public service property provider Hems÷ Fastigheter AB are based on Hems÷'s stand-alone credit profile (SACP), which Standard & Poor's Ratings Services assesses at 'a-' owing to the company's strong enterprise and financial risk profiles. According to our criteria "Principles of Credit Ratings," published Feb. 16, 2011, on RatingsDirect, we determine the ratings on Hems÷ by benchmarking against factors described in our criteria for rating public housing providers, grouped under industry risk, economic fundamentals, market position, financial performance, debt, liquidity, and financial policies. Hems÷ differs from its peers by being a relatively new organization, having a higher exposure to private-sector corporate tenants (37% of revenues), and actively expanding internationally. In determining the long-term rating on Hems÷, we apply a negative adjustment to account for this higher risk exposure. We consider that Hems÷ has a strong enterprise profile, based on our...

Summary