Moody's affirmed the ratings of Weingarten Realty Investors, including its Baa1 senior unsecured debt rating.

The rating agency said the affirmation reflects the real estate investment trust's high-quality shopping center portfolio, experienced management team and strong liquidity position, among other things.

The rating outlook is stable, which Moody's said is based on its views that Weingarten will likely keep its "solid operating performance and prudent growth strategy" and that its increased development pipeline is temporary.