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瑞典当局送上“定心丸”:金融稳定前景有所改善

Swedish authorities send “reassurance pills”: prospects for financial stability have improved

Zhitong Finance ·  May 27 06:40

The Swedish Financial Supervisory Authority (Finansinspektionen) said that the prospects for financial stability in Sweden have improved as inflation slows and the Riksbank begins to relax monetary policy.

The Swedish Financial Supervisory Authority (Finansinspektionen) said that the prospects for financial stability in Sweden have improved as inflation slows and the Riksbank begins to relax monetary policy.

The Swedish Financial Supervisory Authority's assessment shows that concerns that rising borrowing costs and a slowdown in economic activity could trigger a spiral rise in credit losses and threaten the country's financial stability are fading.

“We are moving in the right direction and uncertainty has lessened, but for many families and businesses, the situation is still grim,” Daniel Barr, head of the Swedish Financial Supervisory Authority, said in a statement on Monday. “Even with the positive signs, it's still too early to breathe a sigh of relief.”

Stability concerns are largely concentrated in the commercial real estate sector, where credit ratings of some highly leveraged landlords have declined, and financing models have collapsed. According to the Swedish Financial Supervisory Authority, the situation of real estate companies has improved over the past six months because they now have better access to finance. In the first quarter of this year, real estate companies raised more money by issuing bonds than matured.

The Swedish Financial Supervisory Authority said that real estate companies currently have outstanding bonds worth about SEK 18 billion (US$1.7 billion) due this year, and another SEK 73 billion due in 2025. The agency said that up to now, real estate companies have generally been able to handle bond maturity issues well, and this situation is likely to continue, “especially if there are no major changes in the maturity structure and the bond market continues to improve.”

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