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Fitch affirms Equity Residential

Fitch Ratings affirmed its issuer default rating for Equity Residential at A.

The outlook is stable.

Fitch said Equity Residential has "sector-leading access to capital" and a high-quality portfolio in markets with strong long-term demand, which gives the company adequate access to financing through cycles.

The rating agency noted that the multifamily real estate investment trust's portfolio is almost entirely in markets that generally have above-average growth.

The stable outlook reflects Fitch's expectation that the company's leverage will be sustained in the expected range of 5.5x to 6.5x over the longer term.