Fitch Ratings  on 4 December 2018 confirmed that it views the allegations in the Viceroy Report as unsubstantiated and therefore neutral to the Company’s BBB/stable rating. 

Referencing its 31 October 2018 affirmation of NEPI Rockcastle’s ratings, Fitch notes: “Despite rapid growth, the company has maintained a conservative financial profile with sound liquidity and a high degree of financial flexibility. The Stable Outlook reflects our expectations that NEPI Rockcastle will continue its expansion, while maintaining its conservative financial profile, by funding through a combination of debt and equity.”