We are pleased to see Fitch Ratings has affirmed Supermarket Income REIT plc’s Long-Term Issuer Default Rating at ‘BBB+’ with a Stable Outlook.
“SUPR’s rating reflects the group’s growing GBP1.8 billion all-UK supermarket portfolio as at end-2QFY23 (financial year-end June) focused on large superstores dominant in their catchment and offering omnichannel positioning (in-store sales operating side-by-side with online deliveries and click-and-collect services). The portfolio’s leases are predominantly inflation-linked defensive income streams and benefit from exposure to a growing, essential-service, UK grocery sector.”
Read the full report from Fitch here: https://lnkd.in/eYShMs_u
