Essex is excited to announce that Moody’s Investors Service (Moody’s) has upgraded the Company’s senior unsecured rating to Baa1 from Baa2 with stable outlook. This means that the credit quality of Essex has improved further.  As a result of the upgrade, the entire company will benefit through lower financing costs and better liquidity. 

Moody’s credit ratings are important for investors, providing a simple grading system to gauge future relative creditworthiness of securities. Moody’s based their upgrade on Essex’s meaningful scale and position on the West Coast, successful track record of operating in its chosen supply-constrained markets, and strong balance sheet.

If you have any questions, please contact Barb Pak at bpak@essex.com.