Armada Hoffler's BBB Credit Rating Confirmed by Morningstar DBRS
Armada Hoffler Properties(AHH) Newsfilter·2024-01-26 05:50
VIRGINIA BEACH, Va., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE:AHH) announced that its BBB credit rating has been reaffirmed by Morningstar DBRS, a globally recognized credit rating agency. The Company acknowledges a shift in the rating trend from stable to negative. In shifting the rating trend, Morningstar DBRS cited the Company's short-term elevation of the leverage ratio. The Company's short-term elevation of the leverage ratio is mainly driven by the recent acquisition of The Interlock pr ...