Business
STAG INDUSTRIAL ANNOUNCES CREDIT RATING UPGRADE FROM MOODY'S INVESTOR SERVICES
STAG Industrial, Inc. (the "Company") (NYSE: STAG) today announced that Moody's Investor Services ("Moody's") has raised the company's corporate credit rating to Baa2 with a stable outlook from Baa3 with a positive outlook.
About this update from Stag Industrial, Inc.
[{"type":"text","content":"BOSTON, May 12, 2025 /PRNewswire/ -- STAG Industrial, Inc. (the "Company") (NYSE: STAG) today announced that Moody's Investor Services ("Moody's") has raised the company's corporate credit rating to Baa2 with a stable outlook from Baa3 with a positive outlook.","length":307,"tagName":"p"},{"type":"image","alt":"STAG Industrial Logo. (PRNewsFoto/STAG Industrial, Inc.)","displaySize":"","headline":null,"caption":"STAG Industrial Logo. (PRNewsFoto/STAG Industrial, Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":160,"url":"https://media.zenfs.com/en/prnewswire.com/174a6fb731165620af9961993d7eb866"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/1OdSYi0SVIckGpFnXvi48A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI4MjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/174a6fb731165620af9961993d7eb866","width":400,"height":160}},"href":"https://mma.prnewswire.com/media/95729/stag_industrial__inc__logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The Moody's report cites the Company's credit strengths, which include strong leverage and fixed charge coverage metrics, excellent liquidity, a diversified portfolio and access to unsecured debt capital as rationale for the upgrade.","length":241,"tagName":"p"},{"type":"text","content":""This upgrade is a testament to the quality of STAG's operating platform and strong balance sheet," said Matts Pinard, Chief Financial Officer of the Company. "This upgrade will improve both our cost of debt, and our access to a broader base of debt investors and products."","length":303,"tagName":"p"},{"type":"text","content":"About STAG Industrial, Inc.","length":27,"tagName":"p"},{"type":"text","content":"STAG Industrial, Inc. is a real estate investment trust focused on the acquisition, development, ownership, and operation of industrial properties throughout the United States. As of March 31, 2025, the Company's portfolio consists of 597 buildings in 41 states with approximately 117.6 million rentable square feet.","length":320,"tagName":"p"},{"type":"text","content":"For additional information, please visit the Company's website at www.stagindustrial.com.","length":93,"tagName":"p"},{"type":"text","content":"Forward-Looking Statements","length":26,"ta...