CINCINNATI, July 23, 2026 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) ('PECO” or the 'Company”), one of the nation’s largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers, today announced that Moody's Ratings ('Moody's') updated its outlook for PECO and the Company’s operating partnership, Phillips Edison Grocery Center Operating Partnership I L.P., to a positive outlook. Moody’s affirmed the Baa2 senior unsecured rating.