S&P: REITs ratings could slide further down

04/10/2009 | Reuters

With the entire real estate sector under stress, Standard & Poor's says that REITs as a group are drifting in the direction of junk bond credit ratings, but it might not get quite that bad. Lisa Sarajian, an S&P analyst, said real estate will continue to be under stress for some time and is likely to migrate toward the low end of the investment-grade category.

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