S&P Global Ratings affirmed Swedish property company Akademiska Hus AB's AA long-term and A-1+ short-term issuer credit ratings, with a stable outlook.
Ratings also affirmed the company's Nordic regional scale rating at K-1.
The rating agency expects Akademiska to generate stronger cash flow in the coming years as it passes its peak of capital expenditures in 2019 following years of heavy investment. Ratings also believes that the company would receive timely and sufficient support from the Swedish government if it experienced any financial distress as the majority of Akademiska's tenants are Swedish universities that operate as government agencies.
The stable outlook reflects S&P's expectation that Akademiska will sustain a strong liquidity profile through continued prudent debt and liquidity management.
This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings. Descriptions in this news article were not prepared by S&P Global Ratings.
