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Fitch affirms Caparra Hills
Fitch Ratings said it affirmed Caparra Hills, LLC long-term issuer default rating at B+ and its senior secured debt at BB/RR2.
The outlook was revised to stable from negative.
The agency said the revision of the outlook reflects Fitch's expectation that Caparra Hills will be able to renew a significant portion of upcoming contracts that are due to expire over the next 12 months and decreasing tenant concentration.
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