Moody’s revises Brixmor view to positive

Moody’s Investors Service said it changed the rating outlook of Brixmor Property Group Inc. and its subsidiary Brixmor Operating Partnership LP to positive from stable.

“The positive outlook reflects Brixmor’s demonstrated success in executing its portfolio transformation initiative with mark-to-market opportunities to offset potential near-term tenant bankruptcies and store closures,” said Moody’s in a press release.

In the same rating action, Moody’s also affirmed all its ratings on Brixmor, including Brixmor Operating’s Baa3 issuer and unsecured debt ratings.

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