Moody's upgrades Gecina

Moody's Investors Service said it upgraded the senior unsecured long-term issuer rating of Gecina SA to Baa2 from Baa3.

Concurrently, Moody's upgraded the company's senior unsecured domestic currency bond ratings to Baa2 from Baa3 and the provisional rating of its medium-term note program to provisional Baa2 from provisional Baa3.

The outlook is stable.

"The upgrade of Gecina's issuer rating to Baa2 reflects the company's stronger operating performance, a public commitment to a more prudent financial policy and improved liquidity," Moody's vice president, senior analyst and lead analyst for Gecina Lynn Valkenaar said in a news release.

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