Fitch rates Realty Income notes BBB+

Fitch Ratings said it assigned a BBB+ rating to the senior unsecured notes issued by Realty Income Corp.

The outlook is stable.

Fitch said the ratings and stable outlook reflect consistent financial policies and metrics that the agency does not expect to change over the ratings horizon.

“The company's credit strengths include good leverage and fixed-charge coverage (FCC) for the current rating, good access to capital, the granularity of its predominantly retail net lease portfolio, and management's track record in acquisitions and balance sheet management,” Fitch said in a news release.

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