Phillips Edison & Company Receives Moody's Rating Upgrade to 'Baa2'

CINCINNATI, Sept. 09, 2024 (GLOBE NEWSWIRE) — The real estate investment trust, Phillips Edison & Company, Inc. PECO, has been awarded a rating upgrade by Moody's Investors Service. The company's rating has been elevated to 'Baa2' from its previous position, reflecting a stable financial outlook. This development represents a significant acknowledgment of the company's economic solidity and consistent performance.

Understanding the Rating Upgrade

A 'Baa2' rating from Moody's Corporation MCO stands as a testament to Phillips Edison & Company's strong balance sheet, competent management, and strategic business decisions. This upgrade denotes a moderate credit risk, indicating that investments in the company are deemed reliable and secure. Moody's justifies this rating with a comprehensive analysis of the company's revenue streams, debt profiles, and market position.

Impact on Phillips Edison & Company

The upgraded rating by Moody's Inc's credit agency segment, Moody's Investors Service, suggests a bright future for PECO. It is expected to result in lowered borrowing costs and enhanced investor confidence, which can facilitate further growth and expansion opportunities. This upgrade serves as a catalyst for Phillips Edison & Company to continue its investment in high-quality retail properties and maintain its robust portfolio management.

About Moody's Corporation

Moody's Corporation MCO is the parent company of Moody's Investors Service and Moody's Analytics. It specializes in credit ratings, research, tools, and analysis that contribute to transparent and integrated financial markets. Moody's Corporation is globally recognized for its high standards of financial integrity and analytical rigor.

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