Moody's: Post view positive

Moody's Investors Service said it affirmed the Baa3 senior unsecured and Ba1 preferred ratings of Post Apartment Homes, LP and Post Properties, Inc., respectively.

The outlook was revised to positive from stable, which accounts for the improvements Post Properties has made to its credit profile, including higher fixed charge coverage and lower leverage.

Moody's said Post's leverage metrics have improved with the strong performance of the multifamily sector and are among the best of its peers. Post maintains good levels of liquidity, with access to its undrawn $330 million lines of credit, an active at-the-market equity program and manageable debt maturities for the next 24 months, according to the agency.

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