Moody's Ratings assigns Prime-1 commercial paper rating to Public Storage

Moody's Investors Service has assigned its Prime-1 commercial paper rating to Public Storage, reflecting the company's strong liquidity position and credit profile. This rating indicates that the company's short-term obligations are backed by robust financial resources and operational stability. The Prime-1 rating is among the highest for commercial paper, signifying lowest expectation of default risk.

This action follows Moody's recent affirmation of Public Storage’s A2 long-term issuer rating, with a stable outlook, underscoring consistent performance and financial discipline. The Prime-1 rating reinforces investor confidence in Public Storage’s ability to meet its short-term obligations without material risk.

Public Storage, a leading self-storage real estate investment trust (REIT), continues to benefit from a resilient business model and strong market demand for its services. The ratings reflect Moody’s assessment of the company’s balance sheet strength, including its access to capital markets and consistent cash flow generation.

Investors and financial professionals should consider these ratings as part of a broader evaluation of Public Storage’s creditworthiness and market position.