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Supermarket Income REIT PLC - London-based real estate investment trust - Says Fitch Ratings Ltd has reaffirmed its investment grade and long-term issuer default rating of ’BBB+’ with a stable outlook. Fitch says the rating reflects Supermarket Income’s growing £1.8 billion all-UK supermarket portfolio as at the end of the second quarter of its financial 2023 ending June. In mid-January, Supermarket Income acquired an additional stake in its joint venture with British Airways Pension Trustees Ltd, thus expanding its interest in J Sainsbury PLC’s Reversion Portfolio to 51%. It acquired BAPTL’s 26% beneficial interest in Sainsbury’s Reversion Portfolio for £196 million, with the remaining 49% interest in the portfolio is held by Sainsbury’s. Current stock price: 97.48 pence, down 0.3% 12-month change: down 17% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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