Latest news with #MorningstarDBRS
Yahoo
29-05-2025
- Business
- Yahoo
SmartStop Receives BBB Credit Rating From Morningstar DBRS
LADERA RANCH, Calif., May 28, 2025--(BUSINESS WIRE)--SmartStop Self Storage REIT, Inc. ("SmartStop") (NYSE: SMA), an internally managed real estate investment trust and a premier owner and operator of self-storage facilities in the United States and Canada, announced that DBRS, Inc. ("Morningstar DBRS") has assigned an Issuer Rating of BBB with a Stable trend to SmartStop OP, L.P., the operating partnership of SmartStop. The rating was based on the credit risk profile of SmartStop and its subsidiaries (including SmartStop OP, L.P.). Morningstar DBRS also assigned a senior unsecured debt rating on SmartStop's 2032 Private Placement Notes of BBB with a stable trend. The rating is supported by information submitted to Morningstar DBRS as of May 21, 2025, including management presentations, financial forecasts, annual reports, and organizational documentation. Assumptions underlying the rating include the expectation that any future senior unsecured debt issued by SmartStop OP, L.P. will be unsubordinated and rank equally with its other unsecured obligations. These obligations are also expected to be fully guaranteed by SmartStop and its subsidiaries, consistent with the guarantees provided under its existing credit agreement and in accordance with Morningstar DBRS' Global Corporate Criteria. About SmartStop Self Storage REIT, Inc. (SmartStop): SmartStop Self Storage REIT, Inc. ("SmartStop") (NYSE:SMA) is a self-managed REIT with a fully integrated operations team of approximately 590 self-storage professionals focused on growing the SmartStop® Self Storage brand. SmartStop, through its indirect subsidiary SmartStop REIT Advisors, LLC, also sponsors other self-storage programs. As of May 28, 2025, SmartStop has an owned or managed portfolio of 220 operating properties in 23 states, the District of Columbia, and Canada, comprising approximately 157,100 units and 17.7 million rentable square feet. SmartStop and its affiliates own or manage 41 operating self-storage properties in Canada, which total approximately 34,400 units and 3.5 million rentable square feet. Additional information regarding SmartStop is available at View source version on Contacts David Corak SVP of Corporate Finance and StrategySmartStop Self Storage REIT, Sign in to access your portfolio
Business Wire
28-05-2025
- Business
- Business Wire
SmartStop Receives BBB Credit Rating From Morningstar DBRS
LADERA RANCH, Calif.--(BUSINESS WIRE)--SmartStop Self Storage REIT, Inc. ('SmartStop') (NYSE: SMA), an internally managed real estate investment trust and a premier owner and operator of self-storage facilities in the United States and Canada, announced that DBRS, Inc. ('Morningstar DBRS') has assigned an Issuer Rating of BBB with a Stable trend to SmartStop OP, L.P., the operating partnership of SmartStop. The rating was based on the credit risk profile of SmartStop and its subsidiaries (including SmartStop OP, L.P.). Morningstar DBRS also assigned a senior unsecured debt rating on SmartStop's 2032 Private Placement Notes of BBB with a stable trend. The rating is supported by information submitted to Morningstar DBRS as of May 21, 2025, including management presentations, financial forecasts, annual reports, and organizational documentation. Assumptions underlying the rating include the expectation that any future senior unsecured debt issued by SmartStop OP, L.P. will be unsubordinated and rank equally with its other unsecured obligations. These obligations are also expected to be fully guaranteed by SmartStop and its subsidiaries, consistent with the guarantees provided under its existing credit agreement and in accordance with Morningstar DBRS' Global Corporate Criteria. About SmartStop Self Storage REIT, Inc. (SmartStop): SmartStop Self Storage REIT, Inc. ('SmartStop') (NYSE:SMA) is a self-managed REIT with a fully integrated operations team of approximately 590 self-storage professionals focused on growing the SmartStop® Self Storage brand. SmartStop, through its indirect subsidiary SmartStop REIT Advisors, LLC, also sponsors other self-storage programs. As of May 28, 2025, SmartStop has an owned or managed portfolio of 220 operating properties in 23 states, the District of Columbia, and Canada, comprising approximately 157,100 units and 17.7 million rentable square feet. SmartStop and its affiliates own or manage 41 operating self-storage properties in Canada, which total approximately 34,400 units and 3.5 million rentable square feet. Additional information regarding SmartStop is available at
Time of India
12-05-2025
- Business
- Time of India
ET Market Watch: Sensex soars nearly 3,000 points! Ceasefire & global cues trigger record rally
Transcript Indian equities surged over 3.7% on Monday, marking their strongest session in nearly a year as easing India-Pakistan border tensions, progress on the US-China trade front, and positive domestic cues fuelled broad-based buying. The BSE Sensex rallied 2,975 points (3.74%) to close at 82,429.90, while the Nifty 50 jumped 916 points (3.82%) to end at 24,924.70. Investor wealth rose by ₹15.46 lakh crore as BSE's market cap hit ₹432.47 lakh crore. What Drove the Rally: 7 Key Factors 1. India-Pakistan Ceasefire A weekend ceasefire brought relief from escalating cross-border tensions, sparking risk-on sentiment and a sharp rebound from last week's losses. 2. US-China Trade Breakthrough A 90-day pause on new tariffs and reduced existing duties lifted global markets. The move signaled de-escalation in a prolonged trade war, boosting investor confidence. 3. Record SIP Inflows Domestic mutual fund SIPs hit a record ₹26,632 crore in April, with FY25 flows up 45% YoY. Resilient retail participation helped sustain the rally. 4. India's Credit Rating Upgrade Morningstar DBRS raised India's sovereign rating to *BBB (Stable)*, citing stronger macro fundamentals—reinforcing the nation's investment appeal. 5. Broad-Based Sectoral Gains All major indices ended in the green. Nifty IT led with 6.7% gains, followed by Realty (5.9%), Auto (3.4%), and PSU Banks (3.3%). Mid- and small-caps rose over 4%. 6. Technical Breakout The Nifty broke out of consolidation zones with strength above 24,350. Analysts see potential for an extension towards 25,350–25,750 in the near term. 7. Rising Oil Prices on Trade Optimism Brent crude rose 3.2%, lifting energy stocks and supporting a positive global outlook. While Monday's rally reflects improved sentiment, analysts remain cautious amid geopolitical uncertainties. Consolidation may follow, but strong domestic flows and broad participation could keep the momentum alive—especially in mid- and small-cap stocks.
Time of India
12-05-2025
- Business
- Time of India
Sensex jumps over 2,300 points, Nifty tops 24,600: Here are 7 factors fueling the Dalal-Street frenzy today
Indian equities soared on Monday, reversing last week's losses, as easing border tensions with Pakistan, optimism around U.S.-China trade talks, and a supportive domestic macro environment spurred strong buying interest across sectors. The BSE Sensex jumped 2,376 points, or 2.88%, to 81,830.65, while the Nifty50 surged 705 points, or 2.94%, to 24,713. The market capitalisation of all listed companies on the BSE rose by Rs 11.1 lakh crore to Rs 427.49 lakh crore. Markets opened with a gap-up after India and Pakistan reached a ceasefire agreement over the weekend following four days of intense cross-border hostilities, offering temporary relief to investors rattled by the worst military escalation in decades. Risk appetite was further boosted by encouraging global cues, strong mutual fund inflows, and an upgrade to India's sovereign credit outlook. Below are the seven key drivers of Monday's rally: 1. India-Pakistan ceasefire calms nerves Investor sentiment turned sharply positive after India and Pakistan agreed to a temporary pause in hostilities on Saturday, following a week of retaliatory strikes and drone attacks. A fragile ceasefire held through Sunday despite hotline warnings from India about potential violations. Live Events The Nifty had fallen nearly 1.5% over the three sessions through Friday amid fears of escalating conflict. Monday's rebound reflected a return to risk-on positioning as markets priced in a possible cooling of geopolitical tensions. 2. Global risk sentiment lifts on U.S.-China trade progress Asian equities gained up to 1% after the U.S. and China reported 'substantial progress' during weekend trade talks in Geneva. U.S. futures and oil prices also rose, bolstering sentiment in Indian markets. 'Markets are set to soar as geopolitical tensions thaw,' said Devarsh Vakil, Head of Prime Research at HDFC Securities. 'The trade deal announcement between the U.S. and the UK, along with reports that U.S. and Chinese officials met in Switzerland over the weekend, paved the way for broader negotiations and tariff de-escalation—supporting investor sentiment,' he added. 3. Mutual fund SIP inflows hit record high Domestic institutional support remained strong, with monthly SIP inflows hitting a record Rs 26,632 crore in April—up 2.72% from the previous month. Assets under management via SIPs reached Rs 13.9 lakh crore, while FY25 SIP flows surged 45.24%, the fastest growth since FY18. 'India's markets and economy have shown remarkable resilience, consistently withstanding external shocks,' Vakil said. 'This strength stems from a steady, domestically driven economy that helps shield us from global turbulence—reinforcing the idea that every crisis eventually passes.' 4. India's sovereign credit rating gets a boost Morningstar DBRS upgraded India's sovereign credit rating to BBB (Stable) from BBB (Low), citing improved macro fundamentals. Both long-term foreign and local currency issuer ratings were raised. The upgrade signals confidence in India's economic trajectory and enhances its investment appeal amid global volatility. Vakil noted the rating revision 'will buoy bulls' and supports the broader narrative of India's macroeconomic resilience. 5. Strong sectoral participation signals broad-based buying All major sectoral indices—excluding pharma and healthcare—opened in the green, reflecting widespread investor participation. Nifty Realty led gains with a 4.5% surge, followed by Nifty PSU Bank (3%), Nifty Auto (2.5%), and Nifty IT (3.7%). The broader market also rallied, with the Nifty Midcap 100 and Nifty Smallcap 100 indices gaining 3.3% and 3.5%, respectively. Among individual stocks, Adani Ports, Axis Bank, L&T, Bajaj Finance, and NTPC rose between 3–4%. Reliance Power soared over 10% after reporting a consolidated Q4 net profit of Rs 126 crore versus a loss a year ago. Adani Power jumped 7% after winning a Rs 2 billion power supply project in Uttar Pradesh. 6. Technical bounce from key support levels Shrikant Chouhan, Head of Equity Research at Kotak Securities, said the Nifty had formed a long bearish candle on the weekly chart and was hovering near the 200-day SMA. 'We believe that as long as the market stays below 24,200/80,000, weak sentiment may persist. But a breakout above 24,200/80,000 could trigger a pullback rally. A close above 24,500/81,000 may push the indices toward 25,000/82,500,' he noted. Both benchmarks broke through key resistance levels in early trade, with traders now watching for sustained momentum. 7. Oil prices rise on trade hopes Crude prices edged higher on optimism around U.S.-China trade discussions, which suggested improving demand from the world's two largest oil consumers. Brent crude rose 27 cents (0.4%) to $64.18 a barrel, while WTI gained 28 cents (0.5%) to $61.30. The rise in oil prices supported energy stocks and reinforced a broader improvement in global economic sentiment, indirectly lifting Indian market confidence. Outlook: Will the rally sustain? While Monday's rally signals improved sentiment, analysts remain cautious about the durability of the India-Pakistan ceasefire and evolving global developments. 'The current market pattern is uncertain and volatile; level-based trading would be ideal for short-term traders,' said Chouhan. Vakil concluded that India remains a 'relatively stable investment destination' due to its domestically driven economy—but warned that global volatility and geopolitical flare-ups could test the resilience of the ongoing uptrend. Also read | India-Pakistan conflict stressing you out? Here are 6 ways to drone-proof your portfolio ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
The Hindu
10-05-2025
- Business
- The Hindu
Global ratings agency upgrades India's rating due to structural reforms, resilience and high potential growth
Morningstar DBRS, a global ratings agency, has upgraded its rating of India's long-term and short-term debt on the basis of the country's structural reform efforts, fiscal consolidation, resilient banking system, and high potential growth rate. India's long-term rating was raised to BBB from BBB (low), while short-term rating was raised to R-2 (high) from R-2 (middle). 'The successful implementation of reforms coupled with infrastructure investment and rapid digitalization have helped drive India's recovery in the post-pandemic period, with GDP expanding on average by 8.2% from FY22 (April 2021 to March 22) to FY25,' Morningstar DBRS said in its ratings rationale document. 'Fiscal consolidation remains on track with improvements in transparency of government accounts and the quality of spending.' The ratings agency also noted that inflation has returned to the Reserve Bank of India's comfort band, and that the external sector is strong. 'While the imposition of U.S. tariffs adds uncertainty to the outlook, India looks comparatively well-positioned, given the low level of goods exports to the U.S. and the domestic-driven nature of the Indian economy,' the agency added. However, it also raised a few concerns regarding India's high deficits and debt levels. 'Despite recent improvements, India's perennially large fiscal deficits and elevated government debt levels characterise the country's credit profile,' the agency noted. 'On a general government basis, the public debt-to-GDP ratio has moderated since the shock of the pandemic but remains high at 80.2% in FY25.' Morningstar DBRS added that it could further upgrade India's credit ratings if it does a combination of things: continues implementing reforms that raise the country's investment rate and materially reduce the public debt-to-GDP ratio.
