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Fitch affirms Hudson Pacific Properties


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Fitch affirms Hudson Pacific Properties

Fitch Ratings affirmed its ratings for Hudson Pacific Properties Inc. and Hudson Pacific Properties LP at BBB- with a stable outlook.

Specifically, the rating agency affirmed the company's issuer default rating and its operating partnership's IDR, unsecured revolving credit facility, unsecured term loan and senior unsecured bond ratings.

Fitch said in a release that the ratings take into account the company's robust competitive market position in densely populated, supply-constrained West Coast office markets and its financial policies that are appropriate for a low-investment-grade rated REIT.

The stable outlook, meanwhile, reflects the rating agency's expectations for Hudson to maintain leverage and fixed-charge coverage over the next 12 to 24 months, with both components to remain appropriate for the rating.