Swedish central bank warns real estate firms to cut debt
Sweden’s struggling real estate companies have to continue reducing their debt loads to avoid defaults and spillover effects to the wider market, the Riksbank said in a report on financial stability.
By Niclas Rolander / Bloomberg
The warning from Sweden’s central bank comes as the Swedish commercial real estate market has become a flash-point for widespread concern about the industry’s ability to cope with increasing borrowing costs, after some highly leveraged companies have seen their credit ratings deteriorate and business models fall apart.
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