Moody's turns Prologis view to positive

Moody’s Ratings said it changed its outlook for Prologis LP and Prologis Inc. to positive from stable.

The agency also affirmed the partnership’s foreign- and domestic-senior unsecured ratings and backed senior unsecured ratings at A3, as well as its backed senior unsecured shelf rating and backed senior unsecured MTN rating at (P)A3.

Concurrently, Moody's affirmed Prologis Inc.’s preferred stock ratings and senior unsecured ratings of its subsidiaries, at Baa1 and A3, respectively.

“The outlook change reflects Moody's expectation that Prologis' strong franchise and operating platform focused on logistics real estate, a sector with favorable demand drivers, will continue to drive robust earnings growth, improving on its already strong credit profile and leading position in the business,” the agency said in a press release.

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