Standard & Poor’s Rating Services (S&P) has today upgraded Citycon’s investment grade long-term corporate credit rating to BBB. The outlook is stable. The previous rating was BBB- with a stable outlook.
The rating was placed under review for upgrade on 6 June following Citycon’s announcement of two consecutive share issuances totaling approximately EUR 400 million.
CITYCON OYJ
Citycon Oyj (NASDAQ OMX: CTY1S) is a leading owner, developer and manager of urban grocery-anchored shopping centres in the Nordic and Baltic region, managing assets that total approximately EUR 3.3 billion and with market capitalisation of approximately EUR 1.6 billion. For more information about Citycon, please visit www.citycon.com