Regency Centers Corporation announced that S&P Global Ratings raised its credit ratings for the company to ‘A-’ with a stable outlook. This upgrade reflects S&P’s recognition of Regency’s solid operating performance and financial metric strength.
The rating agency specifically cited the company's high-quality, grocery-anchored portfolio and healthy retail fundamentals as contributing factors. Lisa Palmer, President and Chief Executive Officer, stated this accomplishment is a testament to Regency’s long track record of cash flow growth and balance sheet strength.
An ‘A-’ credit rating from S&P Global Ratings enhances Regency Centers' financial flexibility, potentially leading to lower borrowing costs and improved access to capital markets. This strengthens the company's ability to fund its development pipeline and pursue strategic investments.
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