Moody's Ratings changes Olav Thon's outlook to positive from stable, Baa2 ratings affirmed
Moody's Ratings (Moody's) has today affirmed the Norwegian real estate company Olav Thon Eiendomsselskap ASA's (Olav Thon or the company) long-term issuer rating of Baa2. The outlook for Olav Thon was changed to positive from stable. RATINGS RATIONALE "The ratings affirmation and the change of o...Olav Thon Eiendomsselskap is engaged as a property operator. Co.'s property portfolio is broken down into the following property segments: shopping centres and commercial property. At Dec 31 2013, Co.'s shopping centres comprised the management of 87 shopping centres, of which 27 are managed for external owners.
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