Moodys Investors Service - Select Income REIT (SIR) Moodys downgrades Select Incomes ratings on spin-off announcement

Report

Moody's Investors Service

EUR 156.64 For Business Accounts Only

Moody's downgrades Select Income's ratings on spin-off announcement

Rating Action: Moody's downgrades Select Income's ratings on spin-off announcement. Global Credit Research- 22 Nov 2017. Approximately $1.8 billion in securities affected.

22/11/2017 5 EN

Underlying

Select Income REIT

Select Income Real Estate Investment Trust is a real estate investment trust that primarily owns single tenant, net leased properties. As of Dec 31 2016, the company owned 121 properties (362 buildings, leasable land parcels and easements). These properties consisted of 110 office and industrial properties (131 buildings) located in 34 states throughout the mainland U.S., and 11 properties (229 buildings, leasable land parcels and easements) located on the island of Oahu, HI.

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US81618T1007 United States

Provider

Moody's Investors Service

Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:

130 countries
11,000 corporate issuers
21,000 public finance issuers
76,000 structured finance obligations

Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.

Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions.

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Other Reports on these Companies

Moody's Investors Service

Government Properties Income Trust: Proposed REIT merger is credit negative for Select Income, but positive for Government Properties

The merger provides Government Properties with increased scale and addresses several operating challenges, while Select Income will lose some asset type diversification and increase leverage

EUR 175.94

September 25, 2018 September 25, 2018 4 EN

Moody's Investors Service

Select Income REIT: Update following merger announcement

Our credit view of SIR, reflecting negative credit implications of the proposed merger, external management structure, strong liquidity and long-term leases providing earnings stability.

EUR 219.93

September 19, 2018 September 19, 2018 5 EN

Moody's Investors Service

Moody's affirms GOV's ratings, outlook remains negative; Select Income's outlook revised to negative

Moody's Investors Service ("Moody's") has affirmed the Baa3 senior unsecured rating of Government Properties Income Trust (GOV). The outlook remains negative. Concurrently, Moody's also affirmed the ratings of Select Income REIT (SIR), including its Baa3 senior unsecured rating. SIR's ...

EUR 158.35

September 18, 2018 September 18, 2018 5 EN

Moody's Ratings downgrades Anthology's CFR to Ca; appends LD to PDR on missed interest payment; outlook remains stable

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Moody's Ratings changes Harbor Freight Tools USA, Inc.'s outlook to negative from positive; affirms B1 CFR

Moody's Ratings (Moody's) today changed Harbor Freight Tools USA, Inc.'s (HFT) outlook to negative from positive. At the same time, we affirmed HFT's corporate family rating (CFR) at B1, its probability of default rating (PDR) at B1-PD and its senior secured bank credit facility rating due 2031 at ...

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Moody's Ratings announces completion of a periodic review of ratings of MBH Bank Nyrt.

Moody's Ratings (Moody's) has completed a periodic review of the ratings of MBH Bank Nyrt. and other ratings that are associated with this issuer. The review was conducted through a rating committee held on 23 April 2025 in which we reassessed the appropriateness of the ratings in the context of th...

1h / 6m 1h / 6m 1 EN

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Moody's downgrades Select Income's ratings on spin-off announcement

Government Properties Income Trust: Proposed REIT merger is credit negative for Select Income, but positive for Government Properties

Select Income REIT: Update following merger announcement

Moody's affirms GOV's ratings, outlook remains negative; Select Income's outlook revised to negative

Moody's Ratings downgrades Anthology's CFR to Ca; appends LD to PDR on missed interest payment; outlook remains stable

Moody's Ratings changes Harbor Freight Tools USA, Inc.'s outlook to negative from positive; affirms B1 CFR

Moody's Ratings announces completion of a periodic review of ratings of MBH Bank Nyrt.

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