Citycon Oyj - Company Announcement

Moody’s upgrades Citycon’s credit rating to Baa1

CITYCON OYJ Stock Exchange Release 15 January 2016 at 20.35 hrs

Moody’s Investors Service has upgraded Citycon’s investment grade level
long-term corporate credit rating to Baa1. The outlook is stable. The previous
rating was Baa2 with a stable outlook. 

The rating was upgraded mainly due to Citycon’s improved business profile
following the acquisition and integration of Norwegian Sektor Gruppen that
increased the scale, improved the geographical diversification and reduced the
tenant concentration risk of the company. 

Moody’s press release is attached to this release.


Helsinki, 15 January 2016

CITYCON OYJ


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.com

Citycon Oyj (Nasdaq Helsinki: CTY1S) is a leading owner, developer and manager
of urban grocery-anchored shopping centres in the Nordic and Baltic regions,
managing assets that total close to EUR 5 billion and with market
capitalisation of approximately EUR 2 billion. For more information about
Citycon, please visit www.citycon.com

Attachments:

Moodys upgrades Citycons ratings to Baa1 stable outlook.pdf