WASHINGTON (dpa-AFX) - Fitch Ratings said Tuesday that it has affirmed Liberty Property Trust's (LRY) Issuer Default Rating at 'BBB+'.
The Rating Outlook is Stable.
Fitch said the rating affirmations evidence Liberty Property Trust's moderate leverage, consistent coverage of fixed charges, and solid unencumbered asset coverage.
The Stable Rating Outlook is based on Fitch's expectation that, despite soft property fundamentals, the company will maintain leverage and coverage metrics near current levels and cautiously manage its exposure to speculative development.
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