Sun Communities Inc. will use a significant amount of the proceeds from the sale of its Safe Harbor Marinas business to repay debt and has revised its financial policy leverage target to 3.5x-4.5x. We raised our issuer credit rating and rating on its senior unsecured debt to ?BBB+? from ?BBB? and removed the ratings from CreditWatch, where we placed them with positive implications on Feb. 26, 2025. The stable outlook reflects our expectation that the company will continue to benefit from the strong long-term fundamentals across its portfolio and post sound operating metrics, including consistently high occupancy and solid same-property net operating income (NOI) growth. Moreover, we expect Sun Communities to grow its portfolio over the next few years and
