Fitch rates Federal Realty notes BBB+

Fitch Ratings said it assigned a BBB+ rating to the new $150 million 5.9% senior unsecured notes due 2020 issued by Federal Realty Investment Trust. The company's issuer default rating is BBB+.

The outlook is stable.

The net proceeds are expected to be used to fund potential acquisitions, redevelop its pipeline and reduce its $250 million term loan, the agency said.

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