Fitch Keeps Heimstaden's Rating, Outlook on Extended Debt Maturities

12:26 AM EST, 12/22/2025 (MT Newswires) -- Fitch on Dec. 19 affirmed its long-term issuer default rating on Heimstaden (HEIM-PREF.ST) at B-, with a negative outlook. The rating action reflects the residential property developer's extended debt maturity profile, with maturities now pushed out to 2028, 2030, and 2031, along with its store of cash reserves to service unsecured bonds. Fitch expects the company's next liquidity pressure point to occur by mid-2028. Meanwhile, the negative outlook shows Heimstaden's continued dependence on limited cash resources to meet unsecured bond obligations until its main equity stake in Heimstaden Bostad resumes regular cash dividends.