{"id":1537,"date":"2021-01-05T05:25:21","date_gmt":"2021-01-05T11:25:21","guid":{"rendered":"https:\/\/1reason.com\/re\/rpt-realty-announces-inaugural-investment-grade-credit-rating-from-fitch-ratings-inc\/1537\/"},"modified":"2021-01-05T23:25:21","modified_gmt":"2021-01-06T05:25:21","slug":"rpt-realty-announces-inaugural-investment-grade-credit-rating-from-fitch-ratings-inc","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/rpt-realty-announces-inaugural-investment-grade-credit-rating-from-fitch-ratings-inc\/1537\/","title":{"rendered":"RPT Realty Announces Inaugural Investment Grade Credit Rating From Fitch Ratings, Inc."},"content":{"rendered":"<div> According to Fitch\u2019s published report, the rating and outlook reflects RPT\u2019s experienced management team, meaningful improvements to operating performance and the balance sheet prior to the pandemic, performance through the pandemic to-date, below average exposure to local tenants, financial flexibility and conservative balance sheet management.  <\/p>\n<p align=\"justify\">\u201cWe are pleased that we were able to obtain RPT\u2019s inaugural investment grade credit rating, particularly during these unprecedented times,\u201d said Brian Harper, President and CEO. \u201cWe believe the investment grade rating validates our track record of delivering strong operational results and the quality of our long-term cash flows, as well as, demonstrating our commitment to a best-in-class balance sheet.\u201d<\/p>\n<p align=\"justify\">More information regarding RPT\u2019s rating assignment can be found on Fitch&#8217;s website at: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=iX8erxZXCXdP3Tm9RZoONIgsUQbmWLJON4GsOtT3wcDLfB8zij_1hJ0_pVlnZLKb5o5XNKuJhklu569H8qoiNw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\" title=\"fitchratings.com\">fitchratings.com<\/a>.<\/p>\n<p align=\"justify\"><strong>A<\/strong><strong>bout RPT Realty<\/strong><br \/>RPT Realty owns and operates a national portfolio of open-air shopping destinations principally located in top U.S. markets. The Company&#8217;s shopping centers offer diverse, locally-curated consumer experiences that reflect the lifestyles of their surrounding communities and meet the modern expectations of the Company&#8217;s retail partners. The Company is a fully integrated and self-administered REIT publicly traded on the New York Stock Exchange (the \u201cNYSE\u201d). The common shares of the Company, par value $0.01 per share are listed and traded on the NYSE under the ticker symbol \u201cRPT\u201d. As of September 30, 2020, our property portfolio consisted of 49 shopping centers (including five shopping centers owned through a joint venture) representing 11.9 million square feet of gross leasable area. As of September 30, 2020, the Company\u2019s pro-rata share of the aggregate portfolio was 93.3% leased. For additional information about the Company please visit rptrealty.com.<\/p>\n<p align=\"justify\"><strong>Contact Information<\/strong><\/p>\n<p align=\"justify\">Vin Chao<br \/>Senior Vice President &#8211; Finance <br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=6EYnl9TgItrrLWSTY5Ia8Zh1051lqEge7ysRfBrDnyZTGiz4zXyOKnAXlsBM4QaQQtb-gpRCazI2csIFl-aylRmtDF-U-DciZZ4wWJApmEk=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\" title=\"vchao@rptrealty.com\">vchao@rptrealty.com<\/a><br \/>(212) 221-1752<\/p>\n<p><img loading=\"lazy\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" width=\"1\" height=\"1\" class=\"lazyload\" data-src=\"https:\/\/ml.globenewswire.com\/release\/track\/ed2afac6-1cbd-4de1-8ead-22643d45cd10\"><\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<p align=\"justify\">NEW YORK, Nov. 19, 2020 (GLOBE NEWSWIRE) &#8212; RPT Realty (NYSE:RPT) (the \u201cCompany\u201d or \u201cRPT\u201d) announced today that Fitch Ratings, Inc. (\u201cFitch\u201d) has assigned a first time rating to RPT, including a Long-Term Issuer Default Rating of \u2018BBB-\u2018 with a stable outlook.<\/p>\n<\/div>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/1537"}],"collection":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/comments?post=1537"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/1537\/revisions"}],"predecessor-version":[{"id":1546,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/1537\/revisions\/1546"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=1537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=1537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=1537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}