Triple Net Investments LLC 
Triple Net Investments LLC  Glen R. Fotré, CCIM
Designated Broker |
SELECTED CREDIT TENANTS Courtesy of CapLease, Inc. The Net Lease Company
The following is a list of some commonly seen Investment Grade Companies and their ratings.
If you have questions about a company not on this list, please call Capital Lease Funding at 212-217-6300. Investment Grade Company Senior Unsecured Debt* Credit Outlook** * Unless otherwise noted, ratings are from S&P’s Global Ratings Handbook May 2006. ** Positive or negative “outlook” indicates the long-term trends for a particular company, whereas positive or negative “watch” indicates an impending ratings action. Unless specified as “watch”, the trend noted here is the “outlook” for a company. *** Certain credits do not carry a senior unsecured rating either because they have no long term debt, are subsidiaries of a rated company, or chose not to be rated. We have determined how the market perceives these non-rated credits. ABN Amro North America, Inc §
LaSalle Bank
AA-
AAAirborne Inc.
A
Albertson’s, Inc.
BBB- Negative Watch
American Stores Co. BBB- Negative Watch Bed Bath & Beyond Inc. BBB Bestfoods A+ Best Buy Co. Inc. BBB BJ’s Warehouse Club Investment Grade Rating Implied *** Boeing Co.§ McDonnell Douglas Corp. A Carnival Corp. A Chevron Texaco Corp. AA Chrysler Corp. BBB Coca Cola Co. A+ Colgate-Palmolive Co. AA Comcast Corp. BBB+ Consolidated Edison Co. of NY Inc. A Con-Way, Inc. § CNF Transportation BBB Costco Wholesale Corp. A CVS Corp. BBB+ Diageo, PLC A Energy East Corp. § NY State Electric & Gas BBB+ Exxon Mobil Corp. AAA FedEx Corp. BBB Federated Department Stores Inc. BBB Florida Power & Light Co. A Negative Watch Four Seasons Hotels, Inc. BBB Gap, Inc. BBB General Electric Co. AAA General Mills Inc. BBB+ Negative Goodrich Corp. BBB Health Care Service Corp. A+ Hertz Corp. BB Home Depot, Inc. AA International Paper Co. BBB J.P. Morgan Chase & Co. A+ Key Bank N.A. A+ Positive Watch Kohl’s Corp. BBB+ Kroger Co. BBB The Limited Inc. BBB Lowe’s Cos. Inc. A+ Marriott International Inc. BBB+ McDonald’s Corp. A Nationwide Health Properties Inc. BBB The Nationwide Mutual § Nationwide Financial Services, Inc. A+ Negative The New York Times Co. A Niagara Mohawk Power Corp. A Negative Office Depot, Inc. BBB Ohio Edison Co. BBB Proctor & Gamble Co. § Gillette Co. AA Public Storage Inc. A Publix (Supermarkets) Investment Grade Rating Implied *** Quaker Oats Co. A+ RadioShack Corp. BBB+ Raytheon BBB Reed Elsevier, PLC A Safeway, Inc. BBB Sainsbury (J.) PLC § Shaw’s Supermarkets BBB- Negative Sara Lee Corp. BBB+ Sony Corp. A Sprint Corp. A Staples, Inc. BBB Sterling Jewelers, Inc. BBB Storage USA, Inc. A SuperValu, Inc. BBB Negative Watch Target A+ TJX Companies, Inc. § T.J. Maxx § Marshalls A Tribune Co. § Times Mirror Co. A Unilever N.V. § Bestfoods A+ United Telephone Co. of Ohio BBB- Positive Watch Universal Health Services BBB Verizon Communications Inc. A Viacom, Inc. § Blockbuster Entertainment Corp. § CBS Inc. BBB Walgreen Co. A+ Wal-Mart Stores Inc. AA Wendy’s International Inc. BBB YRC Worldwide Inc. § Yellow Freight Corp. BBB Typical Sub-Investment Grade Tenants (BB+ and under)
Ahold Koninklijke N.V. § Finast § Tops § Edward’s § BiLo§ Stop & Shop § Giant BB+ Cablevision Systems Corp. BB Circuit City Sub-Investment Grade Rating Implied *** Delhaize America, Inc. § Food Lion, Inc. § Kash ‘N Karry BB+ Dillard’s Inc. BB Emery Air Freight (w/o CNF Transportation Guaranty) BB+Positive Ford Motor Credit Co. BB- Negative Hilton Hotels Corp. BB J.C. Penney Co., Inc. BBB Sears Roebuck & Co. BB+ Negative |