Moody's upgrades Fastpartner AB to Ba1 from Ba2; outlook stable
Rating Action: Moody's upgrades Fastpartner AB to Ba1 from Ba2; outlook stable. Global Credit Research- 16 Dec 2019. Stockholm, December 16, 2019-- Moody's Investors Service has today upgraded Swedish real estate company Fastpartner AB's corporate family rating to Ba1 from Ba2.FastPartner AB is a Sweden-based real estate company engaged in the ownership, management and development of its own properties. The Company focuses on managing commercial properties principally in Stockholm, as well as in Gavle, Sweden, among others. It offers premises primarily adjusted for offices, warehouses, shops and production areas. The Company also offers combined facilities, which are adapted to a variety of activities. The Company's portfolio also includes residential properties and hotels. The Company operates through a number of wholly owned subsidiaries. In July 2014, the Company acquired property Skebo 2 located in Lunda, Stockholm, which comprises warehouses and offices.
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