External or internal credit grade applied to anchor tenants.

  • External or internal credit grade applied to anchor tenants.
  • Investment-grade tenants (S&P BBB- or higher) attract tighter cap rates and better debt terms than sub-investment-grade.

Tenant credit rating

Investment · Global

Short definition

External or internal credit grade applied to anchor tenants.

Full definition

Investment-grade tenants (S&P BBB- or higher) attract tighter cap rates and better debt terms than sub-investment-grade. Many lenders price loans against the weighted-average tenant credit grade across the rent roll.

Why this matters for Class A leasing

Tenant credit rating is part of the investment vocabulary that institutional Class A occupiers, landlords, and advisers use across Global markets. Understanding it correctly affects how you read lease documents, model occupancy economics, and benchmark deal terms across cities. Class A Atlas tracks regional variation alongside the global standard so cross-border occupiers can translate quickly.