Fitch: Outlook for U.S. REITs remains negative for 2010

12/22/2009 | Wall Street Journal, The

Fitch Ratings cited high leverage and uncertainty about the economic recovery in maintaining its negative rating on U.S. REITs for next year. The ratings company is most concerned by office and commercial property REITs. "Fitch may revise the outlook to stable if expectations regarding property-level fundamentals, liquidity and access to capital hold true in 2010," said Steven Marks, head of Fitch's U.S. REIT group.

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