S&P affirms Lejonfastigheter

S&P said it affirmed its AA- long-term and A-1+ short-term issuer credit ratings on Lejonfastigheter AB.

The outlook is stable.

At the same time, the agency affirmed the K-1 Nordic regional scale rating on the company.

“We have affirmed our ratings because we expect Lejonfastigheter will continue to display strong, although somewhat declining, financial performance on the back of a stable rental relationship with its owner, the Municipality of Linköping,” S&P said in a news release.

“This will balance risks from the ambitious capital expenditure program.”

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