trending Market Intelligence /marketintelligence/en/news-insights/trending/PQ1ATNQjifrsWP4EYhCxuA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

S&P affirms Heimstaden, places RESIDOMO on CreditWatch

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

S&P affirms Heimstaden, places RESIDOMO on CreditWatch

S&P Global Ratings affirmed the BBB- rating of Sweden's Heimstaden Bostad AB (publ) following its planned acquisition of Czech residential real estate company RESIDOMO s.r.o.

The outlook is positive.

The rating agency said the acquisition expands Heimstaden's geographic reach, although it noted that the deal will have neutral impact on the buyer's profile since Heimstaden's other markets are more robust. Ratings added that RESIDOMO's higher debt will not affect Heimstaden's credit position.

Separately, Ratings placed the BB- issuer credit rating on RESIDOMO and its secured notes on CreditWatch, which is expected to be resolved upon the completion of the deal or likely within three months.

Ratings said RESIDOMO will likely benefit from Heimstaden's support once the transaction closes. The agency also believes the target company's integration with Heimstaden will improve RESIDOMO's credit risk profile given the buyer's better credit quality.

The Blackstone Group Inc. and Round Hill Capital LLC agreed earlier in January to sell RESIDOMO to Heimstaden for €1.3 billion. According to the rating agency, Blackstone holds 80% of the company, while the remainder is held by Round Hill Capital.

RESIDOMO owns the largest privately held residential portfolio in the Czech Republic, comprising roughly 4,515 assets, with about a third of the properties in Ostrava.

This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings, a separately managed division of S&P Global. Descriptions in this news article were not prepared by S&P Global Ratings.