trending Market Intelligence /marketintelligence/en/news-insights/trending/kSrLD1Uwy2pPyfzq496Gyg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Moody's revises outlook on Office Properties Income Trust

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform

Real Estate

Real Estate Solutions Overview


Moody's revises outlook on Office Properties Income Trust

Moody's revised its ratings outlook on Office Properties Income Trust to stable from negative, and affirmed the company's Baa3 senior unsecured rating.

The revised outlook takes into account the substantial completion of the office real estate investment trust's disposition program, reducing its debt and improving its asset quality and operating outlook.

The company completed two mergers recently, which reduced its reliance on government tenants to 26% of its annualized rents as of the third quarter of 2019 from 46% the previous year. The rating agency sees this as credit positive since federal and state entities are reducing office space requirements and consolidating into owned space.

The affirmation reflects the Newton, Mass.-based REIT's scale and diversification, with a portfolio including single-tenant net leased assets and properties leased to government agencies.