X5 Retail Group assigned long-term credit rating of ruAA with a stable outlook by RAEX rating agency

Amsterdam, 2018-Jan-23 — /EPR Retail News/ — X5 Retail Group, (“X5” or the “Company”), a leading Russian food retailer (LSE ticker: FIVE), announces that RAEX rating agency (“RAEX”) has assigned X5 a long-term credit rating of ruAA with a stable outlook.

RAEX in its press release outlines the key factors contributing to this credit rating, which include the Company’s rapid revenue growth, operational efficiency, leading market position and low leverage. In addition, as part of the corporate risk profile analysis, RAEX points noted the “high quality corporate management and risk management at X5, including a high level of insurance coverage and high level of information transparency.”

For further details please contact:
Maxim Novikov
Head of Investor Relations
Tel.:+7 (495) 502-9783
e-mail: Maxim.Novikov@x5.ru

Andrey Vasin
Investor Relations Officer
Tel.:+7 (495) 662-88-88 ext. 21-456
e-mail: Andrey.Vasin@x5.ru

Source: X5 Retail Group N.V.

X5 Retail Group assigned a long-term credit rating of ruAA with a stable outlook by RAEX rating agency

AMSTERDAM, the Netherlands, 2017-Dec-27 — /EPR Retail News/ — X5 Retail Group, (“X5” or the “Company”), a leading Russian food retailer (LSE ticker: FIVE), announces that RAEX rating agency (“RAEX”) has assigned X5 a long-term credit rating of ruAA with a stable outlook.

RAEX in its press release outlines the key factors contributing to this credit rating, which include the Company’s rapid revenue growth, operational efficiency, leading market position and low leverage. In addition, as part of the corporate risk profile analysis, RAEX points noted the “high quality corporate management and risk management at X5, including a high level of insurance coverage and high level of information transparency.”

SOURCE: X5 Retail Group N.V.

For further details please contact:
Maxim Novikov
Head of Investor Relations
Tel.: +7 (495) 502-97-83
e-mail: Maxim.Novikov@x5.ru

Andrey Vasin
Investor Relations Officer
Tel.:+7 (495) 662-88-88 ext. 21-456
e-mail: Andrey.Vasin@x5.ru

Moody’s Investors Service upgrades Citycon’s credit rating to Baa1

Helsinki, 2016-Jan-16 — /EPR Retail News/ — 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.

SOURCE: 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

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.comCitycon 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

Moody’s Investors Service upgraded X5 Retail Group’s credit rating to Ba3 from B1

Amsterdam, 2015-7-3 — /EPR Retail News/ — X5 Retail Group (“X5” or “the Company”), a leading Russian food retailer, announced today that the rating agency Moody’s Investors Service (“Moody’s”) upgraded the Company’s credit rating (corporate family rating – CFR) to Ba3 from B1. The outlook on the rating is stable.

“The upgrade of X5’s ratings to Ba3 reflects the company’s improved financial ratios as a result of the reduction in adjusted debt following changes in Moody’s approach to capitalising operating leases, supported by a solid track record of healthy operating performance, prudent financial policy committed to organic growth, highly flexible capex, and limited foreign exchange risk.” – Moody’s noted in its report.

Note to Editors:

X5 Retail Group N.V. (LSE: FIVE, Fitch – ‘BB’, Moody’s – ‘Ba3’, S&P – ‘BB-’) is a leading Russian food retailer. The Company operates several retail formats: the chain of proximity stores under the Pyaterochka brand, the supermarket chain under the Perekrestok brand, the hypermarket chain under the Karusel brand and Express convenience stores under various brands.

As of 31 March 2015, X5 had 5,639 Company-operated stores. It has the leading market position in both Moscow and St. Petersburg and a significant presence in the European part of Russia. Its store base includes 4,958 Pyaterochka proximity stores, 405 Perekrestok supermarkets, 83 Karusel hypermarkets and 193 convenience stores. The Company operates 33 DCs and 1,407 Company-owned trucks across the Russian Federation.

For the full year 2014, revenue totaled RUB 633,873 mln (USD 16,498 mln), EBITDA reached RUB 45,860 mln (USD 1,194 mln), and profit for the period amounted to RUB 12,691 mln (USD 330 mln).

X5’s Shareholder structure is as follows: Alfa Group – 47.86%, founders of Pyaterochka – 14.43%, X5 Directors – 0.04%, treasury shares – 0.04%, free float – 37.63%.

For further details please contact
Maxim Novikov
Head of Investor Relations
Tel.: +7 (495) 502-9783
e-mail: Maxim.Novikov@x5.ru

Anastasiya Kvon
IR Director
Tel.: +7 (495) 792-3511
e-mail: Anastasiya.Kvon@x5.ru

Standard and Poor’s rating agency upgraded X5 Retail Group’s credit rating from “В+” to “ВB-” with a stable outlook

Amsterdam, 2015-4-13 — /EPR Retail News/ — X5 Retail Group N.V., (‘X5’ or the ‘Company’) a leading Russian food retailer (LSE ticker: ‘FIVE’), announces that the Standard and Poor’s rating agency upgraded the Company’s credit rating from “В+” to “ВB-” with a stable outlook. In the report, S&P noted considerable improvements in the Company’s 2014 operating results and its overall financial strength as the key drivers for the upgrade.

Elena Milinova, X5’s CFO, commented:

‘We believe that the Company’s credit rating upgrade is well-timed and reflects our positive operating and financial performance, coupled with a conservative approach to managing the balance sheet. Going forward, we expect the improved rating will help us bring down our borrowing costs.’

Note to Editors:
X5 Retail Group N.V. (LSE: FIVE, Fitch – ‘BB’, Moody’s – ‘B2’, S&P – ‘BB-’) is a leading Russian food retailer. The Company operates several retail formats: the chain of proximity stores under the Pyaterochka brand, the supermarket chain under the Perekrestok brand, the hypermarket chain under the Karusel brand and Express convenience stores under various brands.

At 31 March 2015, X5 had 5,639 Company-operated stores. It has the leading market position in both Moscow and St. Petersburg and a significant presence in the European part of Russia. Its store base includes 4,958 Pyaterochka proximity stores, 405 Perekrestok supermarkets, 83 Karusel hypermarkets and 193 convenience stores. The Company operates 33 DCs and 1,407 Company-owned trucks across the Russian Federation.

For the full year 2014, revenue totaled RUB 633,873 mln (USD 16,498 mln), EBITDA reached RUB 45,860 mln (USD 1,194 mln), and profit for the period amounted to RUB 12,691 mln (USD 330 mln).

X5’s Shareholder structure is as follows: Alfa Group – 47.86%, founders of Pyaterochka – 14.43%, X5 Directors – 0.04%, treasury shares – 0.04%, free float – 37.63%.

Contact:
Anastasiya Kvon
IR Director
Tel.: +7 (495) 792-3511
e-mail: Anastasiya.Kvon@x5.ru