Fabege obtains an investment grade of Baa2 from Moody's since February 2018.

In November 2022, Moody's decided to change the outlook from stable to negative due to the rising market interest rates and the risk of the interest coverage ratio deteriorating.

The change reflects Moody's view of risk in today's climate of inflation and rising market interest rates. Against the background of the great unrest in the capital market, the changed outlook is not unexpected.

Fabege's balance sheet continues to be strong with a high equity ratio and a low loan-to-value ratio. Fabege's focus on the Stockholm market with a modern portfolio in attractive locations and stable customers guarantees continued stability in the business.

Fabege is active on the capital market via commercial paper, covered bonds (via Svenska Fastighetsfinansiering) and through a green unsecured MTN programme.