Moody’s gives Baa2 to Agree Realty

Moody's Investors Service said it assigned a Baa2 issuer rating with a stable outlook to Agree Realty Corp.

Moody’s said the Baa2 issuer rating incorporates the company's conservative and disciplined approach to leverage, reflected in its strong balance sheet and flexible capital structure with a low cost of debt.

As of the first quarter of 2018, the company's total debt to gross assets and net debt to EBITDA were 34.4% and 4.9 times, essentially flat from the same period last year.

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