Fastighets AB Balder Update Call Transcript

Nov 16, 2022 / 07:00AM GMT
Operator

Good morning, and welcome to the Update Call Balder. My name is Charlie, and I'll be coordinating the call today. (Operator Instructions) Following the presentation, our Q&A session will be open until 8:45. At which point, we will close the call. I'll now hand over to your host, Ewa Wassberg, Head of Finance, to begin. Ewa, please go ahead.

Ewa Wassberg -

Hello, and welcome to our call about the press release as of yesterday regarding the revise from S&P and the rating outlook from stable to negative by confirming our BBB rating. I think I will start with some key figures from Q3.

And as you're well aware, our equity assets is in line with our long-term goal of 40%, it's 40.4% as of Q3. Our net debt-to-EBITDA is plus 13.5% Q-on-Q, which we expect to improve further in the coming years due to lower investments in combination with cash flow from completed projects. Our ICR is 5.2 combined to our long-term target of 2.0. That said, we believe all our credit metrics are performing very well, and we are -- that we manage the refinancing with a good headroom

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