Vicinity Centres
(ASX:VCX) has announced that Standard & Poor’s has revised its rating outlook for the shopping centre owner, manager and developer.
The ratings outlook has been revised to positive from stable.
Standard & Poor’s also affirmed its rating at A- for Vicinity Centres.
The ratings services group said Vicinity had adopted a more rigorous approach to operational performance and portfolio allocation, also noting the company’s strong first-half result.
Vicinity Centres recorded a net profit of $424.6 million at 31 December 2015.
