W.P. Carey credit rating upgraded at S&P on portfolio quality, rent growth (NYSE:WPC)

Concept image of Business Acronym REIT as Real Estate Investment Trust. 3d rendering

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S&P Global Ratings upgraded W.P. Carey’s (NYSE:WPC) credit rating to BBB+ from BBB on expectations that its contractual rent increases and acquisitions will support further operating outperformance over the next two years despite recession risks.

Thestronger-than-expected Q3

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