Fitch Affirms Safehold at 'A-'; Outlook Stable
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Fitch Ratings has affirmed Safehold Inc.'s Long-Term Issuer Default Ratings at 'A-' with a Stable Outlook, citing low-risk assets, improved portfolio diversity, and strong asset quality. Despite a limited operating history, SAFE's risk profile has improved through diversification. The firm maintains solid asset quality and stable earnings, with appropriate leverage and strong funding profile. SAFE's dividend coverage is robust, but future equity issuance depends on share price. The Stable Outlook reflects expectations of maintaining leverage and unsecured debt levels.
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