Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for Spirit Realty, LP > News item |
Moody’s drops Spirit Realty to negative
Moody's Investors Service said it affirmed the Baa3 senior unsecured debt rating of Spirit Realty, LP, the operating partnership subsidiary of Spirit Realty Capital, Inc.
The outlook was revised to negative from stable.
Moody’s said the negative outlook reflects the sharp increase in tenant credit losses experienced in the first quarter of 2017, as well as concerns surrounding the operating health of the triple-net lease REIT's largest tenant, Shopko, which pose further risks to Spirit's cash flows.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.