Citycon Oyj - Company Announcement

Citycon Received an Investment Grade Credit Rating from Standard & Poor’s

CITYCON OYJ                  Stock Exchange Release	     10 May 2013 at 14.30
hrs 

On May 10, 2013, Standard & Poor's Rating Services (S&P) assigned its
investment grade level 'BBB-' long-term and 'A-3' short-term corporate credit
ratings to Citycon Oyj. The outlook is stable. The rating reflects S&P's
assessment of Citycon's business risk profile as "strong" and its financial
risk profile as "significant" according to S&P's criteria. 

Marcel Kokkeel, CEO of Citycon Oyj comments: “We are pleased to obtain this
investment grade credit rating. The decision by S&P is an acknowledgement of
Citycon's solid business model for creating recurring cash flow growth. The
investment grade rating is another milestone for the company, encouraging us to
continue to improve our platform of urban, grocery-anchored shopping centres in
the Nordic and Baltic regions.” 

Eero Sihvonen, Executive Vice President and CFO comments: “Following our recent
strategic equity raise, which was carried out to de-gear the company
permanently and to give us the flexibility to continue implementing our
business plan, we are now pleased to have received this investment grade credit
rating from S&P. Not only is it an important quality stamp, but it will also
improve our access to debt capital markets, thereby helping us to diversify our
debt financing sources.” 

Link to S&P's original report:
Finland-Based Retail Real Estate Investment Company Citycon Oyj Assigned
'BBB-/A-3' Ratings; Outlook Stable 



Helsinki, 10 May 2013


CITYCON OYJ
Marcel Kokkeel
CEO

For further information, please contact:
Eero Sihvonen, Executive Vice President and CFO
Tel. +358 20 766 4459 or +358 50 557 9137
eero.sihvonen@citycon.fi

Marcel Kokkeel, CEO
Tel. +358 20 766 4521 or +358 40 154 6760
marcel.kokkeel@citycon.fi

Distribution:
NASDAQ OMX Helsinki
Major media
www.citycon.com