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Fitch expects to withdraw Westfield ratings


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Fitch expects to withdraw Westfield ratings

FitchRatings said that it expects to withdraw Westfield Corp. Ltd.'s ratings at the end of a 30-dayperiod that began on May 3.

Fitch has decided to discontinue the ratings, which areuncompensated, in 30 days. The rating agency will still retain its coverage of thecompany before the withdrawal, according to a note.

Fitchcurrently rates Westfield's issuer default and senior unsecured ratings atBBB+. The outlook is stable.

Theagency affirmed the company's issuer default rating in February, reflecting the"high quality" of its portfolio, the efficiency of its managementgroup and the rating agency's view of Westfield's "above-average"access to capital, as previously reported.