Fitch Expects to Withdraw Ratings of Public Storage

NEW YORK--(BUSINESS WIRE)-- Fitch Ratings expects to withdraw its ratings for Public Storage (PSA) at the end of a 30-day period beginning today. Fitch will continue to maintain coverage of PSA prior to withdrawal. This advance notice is provided for the benefit of users in managing their use of Fitch's ratings.

Fitch has decided to discontinue the ratings in 30 days, which are uncompensated.

Fitch currently rates PSA as follows:

--Issuer Default Rating (IDR) 'A+';

--Unsecured revolving line of credit 'A+';

--Preferred stock 'A'.

The Rating Outlook is Stable.

Additional information is available on www.fitchratings.com

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150728006489/en/

Fitch Ratings
BRM
Ian A. Hodgart
Senior Director
+1-212-908-0819
Fitch Ratings, Inc.
33 Whitehall Street
New York, NY 10004
or
Primary Analyst
Stephen Boyd, CFA
Director
+1-212-908-9153
or
Secondary Analyst
Steven Marks
Managing Director
+1-212-908-9161
or
Media Relations:
Sandro Scenga, New York, +1 212-908-0278
Email: [email protected]

Source: Fitch Ratings

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