...+ We are assigning our '##+' issue rating to the SEK1.5 billion senior unsecured notes issued by Swedish residential real estate company Akelius Residential Property AB. + The issue rating on the notes is one notch below the '###-' long-term rating on Akelius, reflecting our view of the company's large proportion of higher-priority secured bank financing. FRANKFURT (Standard & Poor's) June 12, 2015--Standard & Poor's Ratings Services said today that it has assigned its '##+' long-term issue rating to the existing Swedish krona (SEK) 1.5 billion four-year senior unsecured notes, issued by Akelius Residential Property AB (###-/Stable/--) in April 2015. We arrive at our '##+' issue rating on the notes by deducting one notch from our '###-' issuer credit rating (ICR) on Akelius, applying our notching analysis for issue ratings. We estimate the percentage of net operating income derived from unencumbered assets will be well below 50% over the next year, placing senior secured debt ahead of senior...
