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Fitch affirms InRetail Real Estate ratings


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Fitch affirms InRetail Real Estate ratings

Fitch Ratings affirmed the long-term foreign- and local-currency issuer default ratings of Lima, Peru-based InRetail Real Estate Corp. at BB+, while also affirming the senior unsecured bond issued by InRetail Shopping Malls at BB+.

The outlook is stable.

Fitch said the ratings are reflective of the real estate operating and management company's strong link with parent company InRetail Perú Corp., its credit profile and its robust market position in the Peruvian shopping mall industry.

The stable outlook reflects Fitch's anticipation of deleveraging by InRetail Real Estate and its parent company through 2020.