“Sweden’s Property Crunch Worsens as Another Firm Cut to Junk”

“Sweden’s beleaguered property sector suffered another blow when one of the largest office landlords in the capital was downgraded to junk status by Moody’s Investors Service.

Stockholm-based FastPartner AB saw its rating cut one step to Ba1 with the possibility for further downgrades to come if the company cannot shore up its finances. The cut “reflects the rapid increase in interest rates combined with subsequently challenging capital markets,” Moody’s said in a statement late on Friday night…”

https://finance.yahoo.com/news/sweden-property-crunch-worsens-another-063354379.html

This is worth keeping a eye on.