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Vesta Receives Credit Rating Upgrade to ‘BBB’ with stable outlook from S&P Global Ratings

  • S&P Global Ratings upgraded Vesta's long-term issuer credit rating to 'BBB' from 'BBB-' on August 21, 2026.
  • The upgrade carries a stable outlook, replacing the previous positive outlook.
  • Key factors for the upgrade include Vesta's prudent financial policy, sustained operating performance, high-quality portfolio, fully unsecured balance sheet, & strong liquidity position.
  • CEO Lorenzo Dominique Berho stated the upgrade reflects portfolio strength, consistent performance, & disciplined growth & capital allocation strategies.
  • Vesta remains committed to funding its Route 2030 growth strategy while maintaining investment-grade credit metrics & balance sheet flexibility.
  • As of June 30, 2026, Vesta owns 232 industrial properties across 16 Mexican states with a total GLA of 43.3 million sf (4.0 million m2).
  • Vesta serves clients in industries including automotive, aerospace, retail, high-tech, pharmaceuticals, electronics, food & beverage, & packaging.