Swedish Landlord Balder Says Can Cover Bond Maturities to 2026

Fastighets AB Balder’s chief financial officer is comfortable that the Swedish landlord will manage to protect its investment-grade rating, after it was put on review last year for a downgrade due to refinancing risks.

“We are well in line with the key rating metrics,” Ewa Wassberg said in an interview after the firm’s earnings report. “Thanks to the rights issue, convertible bond issue and that we have continued to take up bank funding we have very good liquidity.”

The outlook for Balder’s BBB rating was lowered last year to negative from stable. Since then the firm has ...