Fitch Ratings said Wednesday that it has affirmed First Industrial Realty Trust, Inc.'s (FR) Issuer Default Rating at 'BB'.
The Rating Outlook has been revised to Positive from Stable.
Fitch said the Positive Outlook is predicated on its expectation that fixed-charge coverage will be sustained at a level consistent with a 'BB+' rating.
The company's industrial property portfolio is showing signs of recovery, as evidenced by positive cash rent rollovers in the first quarter of 2013 for the first time since the first quarter of 2009 as well as rising occupancy rates, the rating agency noted.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.