Moody’s Investors Service has today assigned an investment grade level 'Baa3' long-term corporate credit rating to Citycon Oyj. The outlook is stable.
On May 10, Citycon announced that a 'BBB-' investment grade credit rating was received from Standard & Poor’s.
Eero Sihvonen, Executive Vice President and CFO comments: “We are very satisfied to receive an investment grade credit rating from Moody’s. This further validates the strength of our financial profile and business strategy. We remain committed to an overall business plan that will maintain and improve our investment grade credit ratings.”
Link to Moody’s original report:
Moody’s assigns Baa3 rating to Citycon Oyj; stable outlook
Helsinki, 16 May 2013
For further information, please contact:
Eero Sihvonen, Executive Vice President and CFO
Tel. +358 20 766 4459 or +358 50 557 9137