Citycon has investment grade credit rating from Standard & Poor's:
Rating agency | Long-term corporate credit rating |
Outlook | Since | Latest change in rating | Latest report |
Standard & Poor's |
BBB- | Stable | 10 May 2013 |
22 June 2021 (rating affirmed on 16 April 2023) |
Standard & Poor's
"The stable outlook reflects our view that the company should be able to maintain a debt-to-debt-plus-equity ratio close to 50% over the next 12-24 months. We also anticipate debt to EBITDA returning to 10x-11x and EBITDA interest coverage to 2.7x-3.0x over that period. Furthermore, we expect Citycon's operating performance will continue to stabilize with improving footfall numbers and tenants' sales as the Nordic economies recover."