Fitch: Redefine outlook stable

Fitch Ratings said it revised Redefine Properties Ltd.'s outlook to stable from positive and affirmed its national long-term rating at BBB(zaf), national short-term rating at F3(zaf) and senior secured debt rating at A-(zaf). The company's subordinated debentures are affirmed at BB(zaf).

Fitch said it believes that Redefine's business risk profile continues to reflect the short term nature of its lease portfolio and the relatively high vacancy rate following the merger with ApexHi Properties and Madison Property Fund.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.