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Fitch Affirms Rating of 'B-' for Heimstaden AB, Removed Rating Watch Negative, and Assigned a Negative Outlook

Heimstaden
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Fitch affirmed Heimstaden AB's Long-Term Issuer Default rating (IDR) of `B-`. At the same time Fitch removed the Rating Watch Negative (RWN) and assigned a Negative Outlook.

Today Fitch stated "the rating actions follow Heimstaden AB's successful SEK5.7 billion bond issuance with proceeds being used to prepay tendered and bonds maturing in 2025 and 2026. The completion of the 1Q25 bond issuance extends these debt maturities to mid-2028 and 2030, while providing Heimstaden AB with sufficient liquidity until its next bond maturity risk in March 2027."

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