Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for Safehold GL Holdings LLC > News item |
Moody’s ups Safehold, assigns A3 rating
Moody's Investors Service said it upgraded Safehold GL Holdings LLC's (formerly Safehold Operating Partnership LP) long-term issuer and backed senior unsecured ratings to A3 from Baa1 and changed the outlook to stable from positive.
In addition, following Safehold Inc.'s merger with iStar Inc. on March 31, 2023, through which iStar was the surviving entity and renamed to Safehold Inc., Moody's assigned an A3 long-term issuer rating and a stable outlook to the new Safehold Inc.
The Baa1 long-term issuer rating and positive outlook of the old Safehold Inc. were withdrawn.
“The ratings upgrade was based on Safehold's reduced governance risks following the recent merger and the company's solid financial performance, including strong asset quality and conservative leverage,” the agency said in a news release.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.