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Fitch affirms Hudson Pacific ratings

Fitch Ratings affirmed its BBB- issuer default ratings for Hudson Pacific Properties Inc.

The outlook is stable.

Fitch said the ratings reflect the company's "strong competitive market position" in supply-constrained West Coast office markets and its large unencumbered asset pool.

The rating agency noted that Hudson Pacific's high quality, concentrated portfolio of class A office properties in locations with strong demand from technology and media tenants as well as its expectation that the company will operate with debt-to-EBITDA leverage in the low- to mid-6.0x range.