Moody's Lifts Unibail-Rodamco-Westfield's Rating on Operating Strength; Outlook Changed to Stable

06:59 AM EDT, 08/21/2026 (MT Newswires) -- Moody's on Friday upgraded Unibail-Rodamco-Westfield's (URW.PA) long-term issuer rating to Baa1 from Baa2 and revised the outlook to stable from positive. The upgrade mirrors the French commercial real estate company's continued operating strength and prudent financial policy, among other factors. The stable outlook, meanwhile, reflects the rating agency's expectation that URW's resilient operating performance will continue and that it will make progress toward its financial policy targets.