STAG Industrial, Inc. (STAG) announced today that Moody's Investor Services has assigned a first-time rating of Baa3 to the unsecured debt of STAG's principal operating subsidiary, STAG Industrial Operating Partnership.

The agency cited STAG's "conservative balance sheet...and largely unencumbered" property portfolio.  Moody's also noted "the company's steady operating metrics" as reflected in high occupancy rates and current rent growth.  Tenant concentration in automobile and capital goods sectors were noted as an area of concern, particularly with regard to "ongoing uncertainty surrounding trade policy..."

STAG is also rated BBB by Fitch.