In an ominous sign for Sweden’s battered real estate sector, Stockholm-based landlord Oscar Properties Holding AB had assets seized by a creditor, showing how patience is running thin as a financial crunch intensifies.
Swedish real estate group
Heimstaden said on Tuesday that ratings agency S&P
has cut the credit rating on subsidiary Heimstaden Bostad to
BBB- from BBB and assigned a negative outlook. .
Landlord Heimstaden Faces One-in-Three Chance of Cut to Junk bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
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