Lineage Receives Investment Grade Credit Ratings from Moody’s and Fitch
Leading market position and diverse global portfolio recognized with inaugural credit ratings of Baa2 from Moody’s and BBB+ from Fitch
“After completing our highly successful initial public offering, one of our top priorities was to achieve investment grade ratings across multiple agencies,” said
Moody’s stated that Lineage’s rating reflects its leading market position in the temperature-controlled industrial warehouse market, its large portion of recurring revenues, and its highly diversified global portfolio of specialized assets that are a critical component within the cold food supply chain. Fitch stated that Lineage’s rating reflects the Company’s superior portfolio diversity with regards to asset granularity, geography, commodities, and customer base.
About Lineage
Forward-Looking Statements
Certain statements contained in this press release may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Lineage intends for all such forward-looking statements to be covered by the applicable safe harbor provisions for forward-looking statements contained in those acts. Such forward-looking statements can generally be identified by Lineage’s use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “anticipate,” “estimate,” “believe,” “continue,” “seek,” “objective,” “goal,” “strategy,” “plan,” “focus,” “priority,” “should,” “could,” “potential,” “possible,” “look forward,” “optimistic,” or other similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Such statements are subject to certain risks and uncertainties, including known and unknown risks, which could cause actual results to differ materially from those projected or anticipated. Therefore, such statements are not intended to be a guarantee of Lineage’s performance in future periods. Except as required by law, Lineage does not undertake any obligation to update or revise any forward-looking statements contained in this release.
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