Moody's downgrades Fastpartner credit rating (updated)

FastPartner AB

14/11/2023 14:19

(Adds detail on rating in paragraphs 2-3)
       COPENHAGEN, Nov 14 (Reuters) - Moody's said on Tuesday
it had downgraded Swedish real estate company Fastpartner's
 FPARa.ST  corporate family credit rating (CFR) to B1 from Ba3,
and kept a negative outlook on the property group.
    Debt rated Ba are estimated to be speculative and are
subject to substantial credit risk, according to Moody's.
        CFRs are long-term ratings designed to indicate how
likely Moody's considers a corporate family's debt and debt-like
obligations to default, reflecting the expected financial loss
in the event of default, according to the agency.
  

 (Reporting by Louise Breusch Rasmussen, editing by Terje
Solsvik)
 ((Louisebreusch.rasmussen@tr.com; +45 21 27 97 79;))