Moody's upgrades Tritax Big Box credit rating to positive

Following UKCM acquisition

Linus Uhlig
clock • 1 min read

Moody’s Ratings has upgraded Tritax Big Box REIT’s (BBOX) credit rating outlook from Baa1 (stable) to Baa1 (positive).

According to a stock exchange notice today (3 July), the change reflects BBOX's "growing scale, increased portfolio diversification and continued focus on high-quality logistics assets". The upgrade follows BBOX's recent merger with UK Commercial Property REIT (UKCM), which received the green light from UKCM's shareholders in May this year. BBOX's chief financial officer, Frankie Whitehead, said: "This transaction has delivered further scale, portfolio diversification and a significant embedded income growth opportunity within the current portfolio rental reversion." Shareholders g...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

Linus Uhlig
Author spotlight

Linus Uhlig

Linus Uhlig is a senior reporter at Investment Week

More on Investment Trusts

European Assets trust agrees to combination terms with ESCT

European Assets trust agrees to combination terms with ESCT

The board of European Assets trust (EAT) has reached agreement on heads of terms for the combination with the European Smaller Companies trust (ESCT).

Sorin Dojan
clock 23 June 2025 • 2 min read
'Pressure on the board' at VEIL as 41% opt to wind up trust

'Pressure on the board' at VEIL as 41% opt to wind up trust

Performance has been tricky

Linus Uhlig
clock 20 June 2025 • 2 min read
DORE agrees to takeover offer from Bagnall Energy for remaining shares

DORE agrees to takeover offer from Bagnall Energy for remaining shares

Takeover 'was inevitable'

Sorin Dojan
clock 20 June 2025 • 3 min read
Trustpilot