Akelius outlook revised to stable by Standard & Poor’s
In September 2021, following Akelius’ asset disposal to Heimstaden, Standard & Poor’s assigned a negative outlook to Akelius BBB credit rating.
Standard & Poor’s has today revised Akelius’ outlook to stable on sustained low leverage and further affirms Akelius’ BBB rating.
The stable outlook reflects the strong like-for-like growth in rental income and high occupancy.
Akelius’ recent deleveraging, together with limited refinancing needs going forward, are important factors to achieve this improvement.
CEO, Ralf Spann
- Akelius will continue its moderate investment pace.
The strong liquidity will be used to continue to repay maturing debt.
Akelius is grateful to be in a strong financial position.
Berlin, 2023-11-13
Ralf Spann
CEO
+49 173 643 65 90
[email protected]
This information is information that Akelius Residential Property AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation.
The information was submitted for publication, through the agency of the contact person set out above, at 10.30am CET on 13 November 2023.
Akelius Residential Property AB’s D-shares are listed on Nasdaq First North Growth Market Stockholm.
Avanza Bank is the Certified Adviser of the company, [email protected], +46-8-409 421 20.
