Rating Action: Moody's affirms W. P. Carey's Baa2 ratings; outlook revised to positiveGlobal Credit Research - 23 Apr 2021New York, April 23, 2021 -- Moody's Investors Service, ("Moody's") has affirmed W. P. Carey's Inc.'s ('W .P. Carey' or 'the REIT') Baa2 senior unsecured and issuer ratings, its (P)Baa2 senior unsecured debt shelf rating and (P)Baa3 preferred stock shelf. In the same rating action, the Baa2 senior unsecured debt rating and the (P)Baa2 senior unsecured debt shelf rating of its European affiliate WPC Eurobond B.V. were also affirmed. The outlook has been revised to positive from stable.The affirmations reflect the stable and substantial cash flows generated by W. P. Carey's large and diversified portfolio of net lease assets, its prudent capital management strategy, and strong liquidity position.