Standard & Poor's affirms Citycon’s investment grade credit rating with an upgraded outlook to stable – marking the third major agency to provide a stable outlook
CITYCON OYJ Investor News 22 June 2021 at 12:30 hrsStandard & Poor's has affirmed Citycon’s investment grade credit rating BBB- with an upgraded outlook to “stable”. The stable outlook reflects Citycon's grocery-anchored retail property portfolio, which allows stable cash flows and sufficient headroom for its credit metrics.“The outlook upgrade demonstrates the resilience of our necessity-based urban hubs, the stability of our markets, and positive view towards our transformation toward more residential /mixed use portfolio. The strength of Citycon’s strategy has been validated not