Moody’s changes Vereit view to positive

Moody's Investors Service said it affirmed the Ba1 senior unsecured rating for Vereit Operating Partnership, LP and the provisional Ba2 preferred shelf rating for Vereit, Inc.

Moody’s said the outlook was revised to positive from stable to reflect the significant progress made by the REIT's management team in the execution of its comprehensive 2015 business plan, which among other objectives included strengthening the balance sheet, improving the credit metrics and enhancing the quality of the real estate portfolio.

The agency’s expectation is that Vereit will continue to prudently manage its balance sheet while consistently maintaining, at a minimum, its current credit and liquidity profile.

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