Vesta Receives Credit Rating Upgrade to ‘BBB’ with stable outlook from S&P Global Ratings

Key Terms

long-term issuer credit rating regulatory

A long-term issuer credit rating is an independent assessment of an organization’s ability to repay its debts over several years, like a report card that summarizes how likely it is to meet loan and bond obligations beyond the short term. Investors use it to judge risk and expected returns: higher ratings usually mean lower borrowing costs and safer bond investments, while lower ratings signal greater default risk, similar to choosing whether to lend money to a careful neighbor or a risky one.

stable outlook regulatory

A stable outlook is a credit-rating agency’s view that a company’s credit rating is unlikely to change over the medium term, indicating expected steadiness in its financial condition and ability to meet obligations. For investors it matters because a stable outlook signals lower likelihood of sudden changes to borrowing costs, dividend capacity or default risk—like a calm weather forecast, it helps set expectations about near-term risk and return.

investment-grade profile financial

A company or bond described as having an investment-grade profile is judged to have relatively strong creditworthiness and a lower risk of default compared with lower-rated debt. Credit rating agencies typically reserve “investment grade” for ratings at or above a set threshold (for example, S&P’s BBB- or Moody’s Baa3), and this profile matters because it influences borrowing costs, investor demand and which funds or investors are permitted to hold the debt—think of it like a solid personal credit score for a borrower.

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MEXICO CITY--(BUSINESS WIRE)-- Corporación Inmobiliaria Vesta, S.A.B. de C.V. (“Vesta” or the “Company”) (NYSE: VTMX; BMV: VESTA), a fully integrated, internally managed real estate company that owns, manages, develops and leases industrial properties in Mexico, today announced that S&P Global Ratings (“S&P”) has upgraded Vesta’s long-term issuer credit rating to ‘BBB’ with a stable outlook, from ‘BBB-’, with positive outlook.

The rating action, published on August 21, 2026, recognizes Vesta’s prudent financial policy, sustained operating performance, high-quality portfolio, fully unsecured balance sheet and strong liquidity position as key factors supporting the upgrade.

“S&P Global Ratings’ upgrade to ‘BBB’ reflects the strength and quality of our portfolio, consistent operating performance and our longstanding disciplined approach to growth, balance sheet management and capital allocation,” said Lorenzo Dominique Berho, Chief Executive Officer of Vesta. “This milestone reinforces our financial flexibility and access to capital as we continue executing Route 2030.”

Vesta remains committed to funding its Route 2030 growth strategy with financial discipline, while maintaining the credit metrics, liquidity and balance sheet flexibility consistent with its investment-grade profile.

About Vesta

Vesta is a real estate owner, developer and asset manager of industrial buildings and distribution centers in Mexico. As of June 30, 2026, Vesta owned 232 properties located in modern industrial parks across 16 states in Mexico, totaling a GLA of 43.3 million sf (4.0 million m2). Vesta has several world-class clients participating in a variety of industries such as automotive, aerospace, retail, high-tech, pharmaceuticals, electronics, food and beverage and packaging. For additional information, please visit: www.vesta.com.mx.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260821259219/en/

Investor Relations in Mexico:
Juan Sottil, CFO
jsottil@vesta.com.mx
Tel: +52 55 5950-0070 ext.133

Fernanda Bettinger, IRO
mfbettinger@vesta.com.mx
investor.relations@vesta.com.mx
Tel: +52 55 5950-0070 ext.163

In New York:
Barbara Cano
barbara@inspirgroup.com
Tel: +1 646 452 2334

Source: Corporación Inmobiliaria Vesta, S.A.B. de C.V.