Moody’s shifts Spirit Realty view to positive

Moody’s Investors Service said it changed the outlooks for Spirit Realty Capital, Inc.’s and its main operating subsidiary Spirit Realty, LP to positive from stable.

“The positive outlook reflects Moody’s expectation that Spirit’s high-quality assets will continue to generate relatively stable earnings despite a difficult macroeconomic environment. The outlook also reflects our expectation that the REIT will maintain its conservative financial profile while executing profitable strategic growth that will continue to improve asset quality and scale,” the agency said in a press release.

Moody’s also affirmed the companies’ ratings, including the partnership’s Baa3 senior unsecured rating.

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