The rating action reflects Fastpartner’s stable operations and its unchanged business risk profile (assessed at BBB-) as well as a resilient financial risk profile (assessed at BBB) that can tolerate expected interest rate increases.

The affirmation is supported by a good market position in its home market of Stockholm and high profitability levels of 70%, in addition to Fastpartner's improved financial risk profile.

The rating is driven by Fastpartner’s moderate credit metrics, with strong debt protection and a good market position in its home market of Stockholm providing visibility to tenants, and high profitability levels of 70%.