Global Net Lease, Inc. announced on June 30, 2025, that S&P Global upgraded its corporate credit rating to BB+ from BB. This upgrade follows the successful $1.8 billion sale of GNL's multi-tenant portfolio, which enabled a substantial paydown of the company's debt.
Significantly, S&P also raised its issue-level rating on GNL's unsecured notes to an investment-grade BBB- from BB+. Achieving an investment-grade rating is a critical step towards lowering GNL's cost of capital and enhancing its financial stability.
The credit rating upgrade validates the decisive actions taken by GNL to strengthen its balance sheet and portfolio. The company's streamlined portfolio now features diversified, long-term triple-net leases with a broad tenant base, minimal near-term lease expirations, and high occupancy.
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