Trevor Bond, W. P. Carey's President and Chief Executive Officer, commented: "We are pleased to receive a Baa2 investment grade rating from Moody's. As a result of our Moody's rating and our previously announced BBB rating from S&P, we believe we are strongly positioned to access the investment grade unsecured market. Access to unsecured borrowing will help us continue to strengthen our balance sheet and maintain an efficient cost of capital, while diversifying our sources of funding for future growth."