Moody’s stabilizes Retail Opportunity view

Moody's Investors Service said it changed the outlook to stable from negative and affirmed the Baa2 issuer rating for Retail Opportunity Investments Corp., and the Baa2 senior unsecured debt rating for its affiliated operating subsidiary, Retail Opportunity Investments Partnership, LP

“The basis for the stable rating outlook is the company's deleveraging of the balance sheet with net proceeds raised from common stock offerings and asset sales, as well as the improvement of the portfolio's cash flow generation and management's refocus on growth,” Moody’s said in a press release.

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