Moody’s revises Office Properties view to stable

Moody's Investors Service said it revised Office Properties Income Trust's outlook to stable from negative and affirmed the office REIT's Baa3 senior unsecured rating. "The outlook revision reflects OPI's substantial completion of its disposition program that has reduced leverage, as well as improved its asset quality and operating outlook," said Lori Marks, a Moody’s analyst in a press release.

The affirmation reflects OPI's scale and diversification, with a portfolio that includes single-tenant net leased assets as well as its traditional focus in the government office sector. Added credit considerations include the REIT's modest leverage, solid fixed-charge coverage, and a large unencumbered asset pool that enhances financial flexibility, the agency said.

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