Fitch Affirms Essex Property Trust's IDR at 'BBB+'; Outlook Stable

April 17, 2015 2:53 PM

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(The following statement was released by the rating agency) NEW YORK, April 17 (Fitch) Fitch Ratings has affirmed its 'BBB+' Issuer Default Rating (IDR) for Essex Property Trust, Inc. (NYSE: ESS) and its operating partnership, Essex Portfolio, L.P. (collectively, Essex, or the company).

A full list of rating actions follows at the end of this release. The Rating Outlook is Stable. KEY RATING DRIVERS Fitch's ratings for Essex consider the company's strong multifamily portfolio position within key densely populated and supply constrained markets in Northern and Southern California an...

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