Moody’s affirms Weingarten

Moody's Investors Service said it affirmed all the ratings of Weingarten Realty Investors, including the Baa1 senior unsecured debt rating.

The outlook is stable.

“Today's affirmation of Weingarten Realty's ratings reflects its high quality portfolio of neighborhood and community shopping centers that continues to produce a stable stream of income,” the agency said in a news release.

“The REIT's below-average volatility is a consequence of both its product focus on necessity-based shopping centers, as well as its diversified tenant roster, with the largest tenant, Kroger, comprising only 2.4% of annual base rent (ABR).”

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