June 3, 2023


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Retail Option Investments Corp. (ROIC) — Moody’s announces completion of a periodic assessment of ratings of Retail Opportunity Investments Corp.

Announcement of Periodic Assessment: Moody’s announces completion of a periodic evaluation of rankings of Retail Possibility Investments Corp.World-wide Credit rating Analysis – 19 Mar 2021New York, March 19, 2021 — Moody’s Investors Support (“Moody’s”) has done a periodic review of the scores of Retail Prospect Investments Corp. and other scores that are associated with the very same analytical unit. The critique was executed as a result of a portfolio review discussion held on 17 March 2021 in which Moody’s reassessed the appropriateness of the rankings in the context of the suitable principal methodology(ies), latest developments, and a comparison of the money and functioning profile to in the same way rated peers. The evaluation did not involve a score committee. Since 1 January 2019, Moody’s follow has been to concern a press release pursuing each individual periodic evaluation to announce its completion.This publication does not announce a credit rating ranking action and is not an indicator of whether or not or not a credit rating score motion is most likely in the near future. Credit history rankings and outlook/assessment status cannot be modified in a portfolio assessment and as a result are not impacted by this announcement. For any credit rating rankings referenced in this publication, be sure to see the scores tab on the issuer/entity web page on www.moodys.com for the most up-to-date credit score rating action information and rating background.Important rating issues are summarized under.The Baa2 issuer and senior unsecured scores for Retail Possibility Investments Corp. (“ROIC”) reflect the REIT’s resilient, superior-quality portfolio of supermarket/pharmacy-anchored shopping facilities with a diversified roster of national and regional tenants that predominantly provide essential/requirement-centered items and services. The portfolio’s occupancy and base lease and recoveries selection premiums have been resilient since the onset of the COVID-19 (coronavirus) pandemic, in particular in the second fifty percent of 2020 as movement limits have been loosened and the US financial state steadily reopened. ROIC’s fiscal adaptability is supported by its enough liquidity and funding positions, and a significant unencumbered asset foundation. The credit card debt maturity scheduled is laddered with small in close proximity to-phrase obligations coming owing.The REIT’s most important credit history constraints include things like its elevated internet personal debt to EBITDA above the past various several years, its compact dimensions and scale, and the portfolio’s geographic regional focus in the Western US. Identical to other retail landlords, ROIC’s internet operating earnings declined through 2020 due to momentary closures of nonessential firms and curtailed business enterprise operating several hours, resulting in some tenant rent deferments, abatement and undesirable credit card debt cost.This doc summarizes Moody’s watch as of the publication date and will not be up to date till the next periodic overview announcement, which will include substance improvements in credit rating situation (if any) in the course of the intervening interval.The principal methodology used for this review was REITs and Other Industrial Genuine Estate Corporations printed in September 2018. Be sure to see the Rating Methodologies web page on www.moodys.com for a copy of this methodology.This announcement applies only to EU rated, Uk rated, EU endorsed and United kingdom endorsed scores. Non EU rated, non United kingdom rated, non EU endorsed and non United kingdom endorsed rankings could be referenced over to the extent essential, if they are section of the identical analytical unit.This publication does not announce a credit history rating action. For any credit scores referenced in this publication, be sure to see the scores tab on the issuer/entity web page on www.moodys.com for the most up to date credit history score action facts and ranking background. Juan Acosta Asst Vice President – Analyst Company Finance Team Moody’s Investors Company, Inc. 250 Greenwich Road New York, NY 10007 U.S.A. JOURNALISTS: 1 212 553 0376 Consumer Assistance: 1 212 553 1653 Philip Kibel Associate Controlling Director Company Finance Team JOURNALISTS: 1 212 553 0376 Consumer Support: 1 212 553 1653 Releasing Office environment: Moody’s Buyers Support, Inc. 250 Greenwich Street New York, NY 10007 U.S.A. JOURNALISTS: 1 212 553 0376 Client Service: 1 212 553 1653 © 2021 Moody’s Company, Moody’s Traders Provider, Inc., Moody’s Analytics, Inc. and/or their licensors and affiliates (collectively, “MOODY’S”). All legal rights reserved.Credit score Ratings ISSUED BY MOODY’S Credit Scores Affiliate marketers ARE THEIR Current Thoughts OF THE RELATIVE Long run Credit score Possibility OF ENTITIES, Credit COMMITMENTS, OR Financial debt OR Debt-LIKE SECURITIES, AND Materials, Goods, Services AND Data Revealed BY MOODY’S (COLLECTIVELY, “PUBLICATIONS”) May possibly Involve These kinds of Recent Thoughts. MOODY’S DEFINES Credit rating Chance AS THE Hazard THAT AN ENTITY May possibly NOT Fulfill ITS CONTRACTUAL Economical OBLIGATIONS AS THEY Come Because of AND ANY Believed Economic Decline IN THE Party OF DEFAULT OR IMPAIRMENT. SEE Relevant MOODY’S Rating SYMBOLS AND DEFINITIONS PUBLICATION FOR Info ON THE Forms OF CONTRACTUAL Economic OBLIGATIONS Addressed BY MOODY’S Credit history Rankings. 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