Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Fitch Affirms First Industrial's IDR At 'BB'; Outlook Stable - Quick Facts

RELATED NEWS
Trade FR now with 

Fitch Ratings said it has affirmed the credit ratings of First Industrial Realty Trust, Inc. (FR: Quote) and its operating partnership, First Industrial, L.P.

First Industrial Realty Trust Inc.'s Issuer Default Rating (IDR) has been affirmed at 'BB'; $275 million preferred stock has been affirmed at 'B+'.

Fitch affirmed First Industrial, L.P's IDR at 'BB'; $644 million senior unsecured notes at 'BB'.

In addition, Fitch has assigned a 'BB' rating to First Industrial, L.P.'s $450 million unsecured revolving credit facility entered into on Dec. 14, 2011 and withdrawn the 'BB' rating on First Industrial, L.P.'s previous credit facility commitment, that included a $200 million term borrowing and an aggregate $200 million of revolving borrowings.

The Rating Outlook is Stable.

Click here to receive FREE breaking news email alerts for First Industrial Realty Trust Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Specialty drugmaker Horizon Pharma plc (HZNP) on Friday managed to redomicile itself as an entity incorporated in Ireland following the completion of its $660 million acquisition of Vidara Therapeutics International plc. The deal will help it avoid paying the high rate of U.S. corporate taxes. The... Stocks showed a lack of direction over the course of the trading day on Friday after failing to sustain an initial upward move. Despite the choppy trading, the Dow once again managed to end the session at a new record closing high. The major averages turned in a mixed performance on the day. President Barack Obama delivered a statement Thursday evening thanking members of Congress for voting to approve legislation granting the U.S. military the authority to train and arm moderate Syrian rebels fighting against the terrorist group known as the Islamic State.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.