PPI's $37B Acquisition Boosts Ratings
Update: 2025-11-11
Description
Fitch Ratings upgrades Public Property Invests credit rating following its ambitious acquisition of a massive portfolio of community service properties from Samhällsbyggnadsbolaget i Norden AB. The deal, valued at thirty-seven billion Swedish Kronor, will transform PPI into a major player across the Nordic region, expanding its focus beyond Norway. To finance the acquisition, PPI plans to raise thirteen point eight billion Norwegian Kroner through new equity and utilizing existing cash resources. The combined portfolio will be worth fifty-three billion Norwegian Kroner, boosting PPIs annual rental income to three point seven billion Norwegian Kroner. The upgrade reflects PPIs strengthened financial position and improved access to capital, resulting in a largely unsecured balance sheet with an average debt maturity of approximately five years.
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