Fitch Ratings has withdrawn all ratings for VEREIT, Inc. and VEREIT Operating Partnership L.P.

Fitch is withdrawing the ratings as VEREIT has chosen to stop participating in the rating process, following its merger with Realty Income in November 2021. Therefore, Fitch will no longer have sufficient information to maintain the ratings. Accordingly, Fitch will no longer provide ratings (or analytical coverage) for VEREIT, Inc and VEREIT Operating Partnership, L.P.

Key Rating Drivers

Key Rating Drivers are no longer relevant, as the ratings have been withdrawn.

RATING SENSITIVITIES

Rating sensitivities are no longer relevant given today's rating withdrawals.

Best/Worst Case Rating Scenario

International scale credit ratings of Non-Financial Corporate issuers have a best-case rating upgrade scenario (defined as the 99th percentile of rating transitions, measured in a positive direction) of three notches over a three-year rating horizon; and a worst-case rating downgrade scenario (defined as the 99th percentile of rating transitions, measured in a negative direction) of four notches over three years. The complete span of best- and worst-case scenario credit ratings for all rating categories ranges from 'AAA' to 'D'. Best- and worst-case scenario credit ratings are based on historical performance. For more information about the methodology used to determine sector-specific best- and worst-case scenario credit ratings, visit https://www.fitchratings.com/site/re/10111579.

REFERENCES FOR SUBSTANTIALLY MATERIAL SOURCE CITED AS KEY DRIVER OF RATING

The principal sources of information used in the analysis are described in the Applicable Criteria.

RATING ACTIONSENTITY/DEBT	RATING		PRIOR
VEREIT Operating Partnership, L.P.	LT IDR	WD 	Withdrawn		BBB

senior unsecured

	LT	WD 	Withdrawn		BBB
VEREIT, Inc.	LT IDR	WD 	Withdrawn		BBB

VIEW ADDITIONAL RATING DETAILS

Additional information is available on www.fitchratings.com

(C) 2021 Electronic News Publishing, source ENP Newswire