Equity Residential (EQR) Tops Q4 FFO by 4c, Offers Guidance
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Equity Residential (EQR) Ratings Affirmed byMoody's
February 4, 2015 11:11 AM ESTMoody's Investors Service affirmed the ratings of ERP Operating Limited Partnership (Baa1 senior unsecured debt rating, Baa1 multifamily housing revenue bonds, (P)Baa1 senior unsecured shelf rating and (P)Baa2 subordinate shelf rating) and Equity Residential (Baa2 preferred stock rating, (P)Baa2 preferred shelf rating, (P)Baa1 senior unsecured shelf rating and (P)Baa2 subordinate shelf rating) and revised the rating outlook to positive from stable. Concurrently, Moody's also assigned a Prime-2 rating to ERP Operating Limited Partnership's short-term unsecured commercial paper program.
RATINGS RATIONALE
The positive rating outlook reflects the REIT's improved credit profile, in particular stronger... More
