Corem’s Q2 report was neutral from a credit perspective with earnings coming in more or less in line. Credit metrics generally improved y-o-y, but the outcome was mixed vs. estimates. The liquidity reserve of SEK 1.3bn is comfortable, there are no bond maturities in 2020 and the impact of COVID-19 continues to be limited. We reiterate our market perform recommendations on the outstanding bonds.
13 Jul 2020
Stable set of results in Q2
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Stable set of results in Q2
Corem Property Group AB Class A (0PT3:LON) | 0 0 0.0%
- Published:
13 Jul 2020 -
Author:
Anna-Karin Hempel -
Pages:
15
Corem’s Q2 report was neutral from a credit perspective with earnings coming in more or less in line. Credit metrics generally improved y-o-y, but the outcome was mixed vs. estimates. The liquidity reserve of SEK 1.3bn is comfortable, there are no bond maturities in 2020 and the impact of COVID-19 continues to be limited. We reiterate our market perform recommendations on the outstanding bonds.