NETSTREIT Corp. (NYSE: NTST) received a BBB- issuer rating with a stable outlook from Fitch Ratings.
The rating reflects the Company's solid property portfolio, stable operating performance, and high occupancy rate.
NETSTREIT's conservative balance sheet and low leverage profile were acknowledged by Fitch, leading to interest expense savings and improved access to debt markets.
BBB- Credit Rating
NETSTREIT Corp received a BBB- issuer rating from Fitch Ratings, recognizing its strong property portfolio and stable performance.
Conservative Financial Management
The Company's conservative balance sheet and low leverage profile were highlighted as key factors in achieving the credit rating.
Interest Expense Savings
The Company is expected to benefit from substantial interest expense savings across its credit facilities due to the credit rating.
- The recognition of an investment grade rating signifies a significant achievement for NETSTREIT, affirming its commitment to financial stability and prudent management.
- This rating allows NETSTREIT to access debt markets more efficiently and benefit from lower interest expenses, enhancing its financial flexibility.
The BBB- credit rating from Fitch Ratings marks a milestone for NETSTREIT Corp, reflecting its strong financial position and prudent management approach.