Veni vidi vici, Moody's upgrades the credit rating of VICI Properties $VICI (-0.32%) to Baa3.

VICI Properties Inc. announces that it has received an issuer credit rating upgrade from Ba1 to Baa3 with a stable outlook from Moody's Investors Service, Inc. This is encouraging as with an investment grade credit rating, VICI has better access to capital at favorable costs and can choose to make value-add investments. The geographically diversified portfolio, consistent operating cash flows, solid liquidity position and strategic financial decisions of this experienced REIT were the reason for the rating agency's upward revision of the rating outlook.

David Kieske, CFO of VICI Properties, explains: "We have used every single transaction to improve our balance sheet and best position ourselves for a credit rating upgrade."

Conclusion:

Will be further expanded 💪