WDP receives Baa1 and BBB+ first time issuer credit ratings with Stable Outlook

WDP has received first-time issuer credit ratings by Moody’s and Fitch, who both assigned a solid long-term investment grade rating with a Stable Outlook of Baa1 and BBB+ respectively, reflecting the company’s prudent financial policy, strong access to capital, track record of an earnings-based leverage ratio target (net debt / EBITDA) and a diversified tenant portfolio with a focus on long-term cash-flow generation. These ratings are further supported by a high-quality portfolio with a continued high occupancy rate, retention rate and a stable rental income (being CPI-linked).