Realty Income Receives 'A' Credit Rating from Fitch Ratings
Realty Income Corporation (NYSE: O) has been assigned a Long-Term Issuer Default Rating of 'A' with a Stable Outlook by Fitch Ratings. This marks the first time a net lease REIT and only the fourth U.S. REIT have achieved an 'A' or equivalent rating from one of the three major credit agencies. The decision was based on Realty Income's long operating history, durable cash flow, portfolio diversification, and strong access to capital sources. Jonathan Pong, CFO and Treasurer at Realty Income, highlighted that this recognition reflects the company’s disciplined financial management and progress in expanding its global capital sources across public and private markets. The rating is expected to enhance the firm's financial flexibility and support long-term growth.
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Topics: capital access ratings agency real estate