Fitch Affirms PSP's Senior Unsecured Rating at 'A-'; Outlook Stable

April 14, 2015 1:35 PM

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(The following statement was released by the rating agency) PARIS, April 14 (Fitch) Fitch Ratings has affirmed PSP Swiss Property AG's (PSP) senior unsecured rating at 'A-' and its Long-term Issuer Default Rating (IDR) at 'BBB+' with a Stable Outlook.

The Short-term IDR has been affirmed at 'F2'. The affirmation reflects Fitch's expectation of PSP's continued strong financial risk profile, driven by recurring rental income from a high quality, purely Swiss commercial property portfolio. A conservative balance sheet and management approach towards...

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