Moody's assigns Waypoint notes Baa1

Moody's Investors Service said it assigned a Baa1 rating to the senior unsecured notes issued by VER Finco Pty Ltd., a wholly owned subsidiary of Waypoint REIT Ltd., also rated Baa1.

The notes will rank pari passu with Waypoint REIT’s other senior unsecured debt.

“The Baa1 rating assigned to the notes reflects Waypoint REIT's geographically diversified and good quality asset base that provides the REIT with stable and predictable cash flows. As of June 30, 2020, the REIT owned 474 service station and convenience retail properties across Australia, primarily located in metropolitan areas,” Moody’s said in a press release.

The outlook is stable.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.