Bulletin: Government Properties Income Trust Ratings Unaffected By Its Acquisition Of Stake In Select Income REIT - S&P Global Ratings’ Credit Research

Bulletin: Government Properties Income Trust Ratings Unaffected By Its Acquisition Of Stake In Select Income REIT

Bulletin: Government Properties Income Trust Ratings Unaffected By Its Acquisition Of Stake In Select Income REIT - S&P Global Ratings’ Credit Research
Bulletin: Government Properties Income Trust Ratings Unaffected By Its Acquisition Of Stake In Select Income REIT
Published Jul 09, 2014
1097 words — Published Jul 09, 2014
Price Free  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (Standard&Poor's) July 9, 2014--Standard&Poor's Ratings Services said today that its 'BBB-'corporate credit rating and stable outlook on U.S.-based Government Properties Income Trust (GOV) are unaffected by the REIT's acquisition of 21.5 million common shares of Select Income REIT (SIR), a company also managed by REIT Management&Research (RMR). While the acquisition of a stake in SIR is a departure from the company's focus on properties leased to governmental entities, we believe that SIR's underlying assets are fairly low risk as they consist of single-tenant net lease properties, some of which have embedded positive mark to market rents. This supports our assessment of GOV's business risk profile as "fair". Assuming the acquisition is financed

  
Brief Excerpt:

RESEARCH Bulletin: Government Properties Income Trust Ratings Unaffected By Its Acquisition Of Stake In Select Income REIT Publication date: 09-Jul-2014 Primary Credit Analyst: Jaime Gitler, CFA, New York (1) 212-438-5049; jaime.gitler@standardandpoors....

  
Report Type:

Bulletin

Ticker
GOV
Issuer
Sector
Global Issuers, Structured Finance
Country
Region
Format:
PDF Adobe Acrobat
Buy Now

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Government Properties Income Trust Ratings Unaffected By Its Acquisition Of Stake In Select Income REIT" Jul 09, 2014. Alacra Store. May 12, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Government-Properties-Income-Trust-Ratings-Unaffected-By-Its-Acquisition-Of-Stake-In-Select-Income-REIT-1344848>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Government Properties Income Trust Ratings Unaffected By Its Acquisition Of Stake In Select Income REIT Jul 09, 2014. New York, NY: Alacra Store. Retrieved May 12, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Government-Properties-Income-Trust-Ratings-Unaffected-By-Its-Acquisition-Of-Stake-In-Select-Income-REIT-1344848>
  
Free
$  £  
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Residential Mortgage-Backed Securities from one place.