Moody’s shifts Vereit view to positive

Moody’s Investors Service said it changed the outlook to positive from stable for Vereit Operating Partnership, LP, the operating subsidiary of Vereit, Inc., and confirmed the senior unsecured debt rating at Baa3.

“The positive outlook incorporates Moody’s expectation that Vereit will successfully conclude all pending settlements and pivot to accretive growth in 2020 on a leverage-neutral basis, while continuing to prudently manage its balance sheet and to consistently maintain, at a minimum, its current credit metrics, and portfolio quality and diversification,” Moody’s said in a press release.

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