Credit Rating For The Unrated REITs (Part 4): City Office REIT, Inc.

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  Posted by Two Blokes Jun 30 - Filed in Stock - 4 views
  
  CIO's asset base and leverage are reasonable, but weak liquidity and a challenging operating environment constrain its credit profile to a B3 rating. The preferred stock, CIO.PR.A, is rated Caa2, reflecting its higher risk and limited downside protection for investors. Despite attractive yields, the risk-reward profile for CIO's preferred stock is unfavorable due to low credit ratings and insufficient coverage of fixed costs.