GÖTEBORG, Sweden, Dec 14, 2016 /PRNewswire/ --
Balder has today received an investment grade rating from Moody's of Baa3 with a stable outlook. The Rating is important for Balder's continued growth in the capital market. Balder is investing in both Denmark and Finland, where we have an exposure to the Euro. With a rating from Moody's we can exploit the European capital market to meet these needs.
"Balder's Baa3 long term issuer rating primarily reflects the company's focus on stable rental housing properties in Sweden and Finland as well as the prime locations of its commercial properties in Sweden's largest cities" Says Roberto Pozzi, Senior Credit officer at Moody's.
For further information, please contact:
CEO- Erik Selin,
tel. +46 706 074 790
Head of Finance- Marcus Hansson,
tel. +46 768 369 848
This information is information that Fastighets AB Balder (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 08.30 CET on December 14, 2016.
Fastighets AB Balder (publ)
PO Box 53121, 400 15 Gothenburg
Tel: +46 31 10 95 70
Corporate Identity No. 556525-6905, Registered office Gothenburg
Fastighets AB Balder is a listed real estate company which shall meet the needs of different customer groups for premises and housing through local support. Balder's real estate portfolio had a value of SEK 79.9 billion as of 30 September 2016. The Balder share is listed on NASDAQ Stockholm, Large Cap segment.
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SOURCE Fastighets AB Balder