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Published on 3/26/2021 in the Prospect News Bank Loan Daily and Prospect News Investment Grade Daily.

Moody's upgrades Vereit

Moody's Investors Service said it upgraded to Baa2 the ratings, including the senior unsecured rating, for Vereit Operating Partnership, LP, the main operating subsidiary of Vereit Inc.

In the same rating action, Moody's changed the outlook to stable from positive.

“The ratings upgrade reflects the company's resilient and improved portfolio as one of the largest owners of good-quality net lease assets in the US, strengthened balance sheet, and better access to capital for growth,” Moody’s said in a news release.


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