Kite Realty Group Trust Upgraded by S&P to BBB with Stable Outlook
KRGKite Realty Trust(KRG) Newsfilter·2024-06-29 04:15

INDIANAPOLIS, June 28, 2024 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE:KRG) announced today that S&P Ratings ("S&P") upgraded its issuer credit rating for Kite Realty Group Trust and the Company's Operating Partnership, Kite Realty Group L.P., to ‘BBB' from ‘BBB-', with a stable outlook. In its public announcement on the matter, S&P cited "Kite Realty Group Trust has further deleveraged its balance sheet following its merger with RPAI" and noted "the Company will likely improve its leased occupancy a ...