Citycon has terminated its credit rating agreement with Moody’s
CITYCON OYJ Investor News 9 June 2023 at 16:30 hrsCitycon has terminated its credit rating agreement with the rating agency Moody’s Investors Service and asked Moody’s to withdraw their rating. Citycon provided termination notice for Moody's ratings services on 5 June 2023. Any ratings going forward by Moody's will be on an unsolicited basis.“The termination is a consequence of Moody’s current rating methodology, which does not recognise the characteristics of Citycon’s tenant mix and business model of creating and operating necessity-based retail hubs in top Nordic locations. The