Retail Opportunity Investments Corp. Awarded BBB- Rating from S&P
Retail Opportunity Investments Corp. (NASDAQ: ROIC) announced today that Standard & Poor's Ratings Services has assigned a BBB- corporate credit rating to ROIC with a stable outlook.
According to the Standard & Poor's report, the rating reflects ROIC's portfolio of well-positioned, well-occupied shopping centers that are located in multiple major markets on the West Coast with high barriers to entry and above average household incomes. Additionally, Standard Poor's noted that ROIC's leverage and coverage metrics are healthy compared to those of similarly rated peers.