Moody's announces completion of a periodic review of ratings of Citycon OYJ
Moody's Ratings has completed a periodic review of the ratings of Citycon OYJ and other ratings that are associated with this issuer. The review was conducted through a rating committee held on 21 March 2024 in which Moody's reassessed the appropriateness of the ratings in the context of the releva...Citycon is an active owner, operator and developer of shopping centers. Co. aims to increase its net yield from shopping centers over the long term through active retail property management and systematic redevelopment efforts. Co. is involved in the day-to-day operations of its shopping centers. As of Dec. 31, 2011, Co. owned a total of 36 shoppings centers: 23 in Finland, 9 in Sweden, 3 in Estonia, and one in Lithuania. Co. also owns 43 other retail properties: 36 in Finland and 7 in Sweden and one undeveloped lot in Finland. Co. manages two commercial shopping centers in Finland.
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