- Hannon Armstrong Sustainable Infrastructure (NYSE:HASI +0.5%) gets BB+ long-term ratings, just under investment-grade, from both S&P Global Ratings and Fitch Ratings.
- "These ratings expand our access to debt markets and will allow us to continue to diversify our funding sources," says Hannon Armstrong CFO Jeffrey A. Lipson.
- S&P notes credit positives of low leverage, conservative underwriting standards, and experienced management team and credit weaknesses of niche position relative to larger rivals and some large single investment exposures.
- Fitch cautiously views HASI's "planned opportunistic shift in company's portfolio mix toward higher-risk mezzanine debt and common equity exposures."
- Both credit ratings firms have a stable outlook on the REIT.
Hannon Armstrong rated at highest junk level by S&P, Fitch
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Symbol | Last Price | % Chg |
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HASI | - | - |
Hannon Armstrong Sustainable Infrastructure Capital, Inc. |