Moody's Investors Service affirmed its Baa3 senior unsecured debt rating on Retail Properties of America Inc.
The outlook remains stable.
Moody's expects the company to improve the occupancy rate across its portfolio and maintain leverage near the present level.
The rating agency noted the company's conservative capital structure, strong credit metrics and good tenant diversification in its portfolio. Moody's said the rating affirmation also incorporates the company's asset concentration in the Dallas market while the stable outlook incorporates an expected improvement in overall portfolio occupancy in the near term.
