Moody's: Realty outlook stable

Moody's Investors Service said it affirmed Realty Income Corp.'s Baa1 senior rating, affirmed its preferred stock at Baa2 and revised the outlook to stable from negative.

The agency said Realty Income's outlook revision reflects the successful integration of the American Realty Capital Trust portfolio, an acquisition that closed in January, and the improvement in its debt and portfolio metrics.

The stable outlook reflects Moody's expectation that the company will continue to increase its size and diversity, tenant and industry bases, while maintaining its conservative balance sheet and sound operating performance.

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