Fitch upgrades REIT sector outlook to stable

06/9/2010 | Wall Street Journal, The

Fitch Ratings has raised its outlook for the REIT sector to stable from negative. It cited better access to capital markets, robust liquidity and a nascent economic recovery as factors. "As such, Fitch will likely affirm ratings on the vast majority of its rated REITs in the coming months. However, rating upgrades may be in store for REITs that deliver more aggressively and maintain strong occupancy and net operating income," says Steven Marks, U.S. REIT group head for the rating agency.

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