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VICI Properties' Credit Rating Upgraded to Baa3 by Moody's
VICIVICI(VICI) ZACKS·2024-11-20 01:11

VICI Properties Inc. (VICI) recently announced that it has secured an issuer credit rating upgrade to ‘Baa3’ from ‘Ba1’, with a stable outlook from Moody’s Investors Service, Inc. This is encouraging because, with investment-grade credit ratings, VICI can enjoy better accessibility to capital at favorable costs and opt for value-accretive investments.This experiential REIT’s geographically diverse portfolio, consistent operating cash flows, sound liquidity position and strategic financial decisions drove th ...