Announcement of Periodic Review: Moody’s announces completion of a periodic evaluation of ratings of Retail Opportunity Investments Corp.World wide Credit rating Research – 19 Mar 2021New York, March 19, 2021 — Moody’s Buyers Support (“Moody’s”) has done a periodic overview of the rankings of Retail Chance Investments Corp. and other ratings that are connected with the very same analytical device. The evaluation was executed by way of a portfolio critique dialogue held on 17 March 2021 in which Moody’s reassessed the appropriateness of the scores in the context of the appropriate principal methodology(ies), new developments, and a comparison of the fiscal and working profile to similarly rated friends. The overview did not contain a score committee. Since 1 January 2019, Moody’s apply has been to concern a push launch following each and every periodic critique to announce its completion.This publication does not announce a credit score score motion and is not an indication of regardless of whether or not a credit rating ranking action is probably in the around upcoming. Credit score rankings and outlook/overview position simply cannot be modified in a portfolio evaluate and hence are not impacted by this announcement. For any credit history scores referenced in this publication, be sure to see the ratings tab on the issuer/entity web page on www.moodys.com for the most updated credit rating rating action information and facts and rating background.Crucial rating issues are summarized under.The Baa2 issuer and senior unsecured rankings for Retail Chance Investments Corp. (“ROIC”) mirror the REIT’s resilient, higher-excellent portfolio of grocery store/pharmacy-anchored shopping facilities with a diversified roster of countrywide and regional tenants that predominantly supply vital/requirement-centered items and services. The portfolio’s occupancy and base rent and recoveries selection charges have been resilient because the onset of the COVID-19 (coronavirus) pandemic, primarily in the second 50 % of 2020 as movement limits were being loosened and the US overall economy slowly reopened. ROIC’s financial versatility is supported by its ample liquidity and funding positions, and a massive unencumbered asset base. The credit card debt maturity scheduled is laddered with nominal close to-expression obligations coming due.The REIT’s principal credit score constraints incorporate its elevated net credit card debt to EBITDA about the previous quite a few a long time, its smaller dimension and scale, and the portfolio’s geographic regional concentration in the Western US. Equivalent to other retail landlords, ROIC’s internet functioning income declined all through 2020 due to non permanent closures of nonessential companies and curtailed business working several hours, resulting in some tenant hire deferments, abatement and negative financial debt expense.This document summarizes Moody’s perspective as of the publication day and will not be updated right until the next periodic critique announcement, which will incorporate product alterations in credit score conditions (if any) for the duration of the intervening period of time.The principal methodology made use of for this overview was REITs and Other Commercial Genuine Estate Companies revealed in September 2018. Make sure you see the Ranking Methodologies site on www.moodys.com for a duplicate of this methodology.This announcement applies only to EU rated, Uk rated, EU endorsed and United kingdom endorsed rankings. Non EU rated, non United kingdom rated, non EU endorsed and non British isles endorsed scores may be referenced higher than to the extent vital, if they are element of the very same analytical unit.This publication does not announce a credit score score motion. For any credit score scores referenced in this publication, be sure to see the rankings tab on the issuer/entity page on www.moodys.com for the most current credit history ranking action details and ranking historical past. Juan Acosta Asst Vice President – Analyst Company Finance Group Moody’s Buyers Company, Inc. 250 Greenwich Avenue New York, NY 10007 U.S.A. JOURNALISTS: 1 212 553 0376 Client Company: 1 212 553 1653 Philip Kibel Affiliate Handling Director Company Finance Team JOURNALISTS: 1 212 553 0376 Shopper Assistance: 1 212 553 1653 Releasing Workplace: Moody’s Investors Services, Inc. 250 Greenwich Road New York, NY 10007 U.S.A. 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