Source - SMW
Fitch Ratings has affirmed SEGRO's long-term issuer default rating at 'BBB+', senior unsecured rating at 'A-', and short-term IDR at 'F2'. The outlook is stable. 

Fitch says the ratings reflect SEGRO's high-quality logistics property portfolio, improved leverage and stable rental income. The refocused portfolio towards high-quality logistics assets in prime locations continues to perform well and benefits from low vacancy rates and moderate rental growth.