| Title: | Research Update: First Industrial Realty Trust Outlook Revised To Stable; Ratings Affirmed |
| Price: | $175.00 |
| Publication Date: | May 09, 2008 |
| Report Type: | Research Update |
| Abstract: | On May 9, 2008, Standard&Poor's Ratings Services affirmed its 'BBB' corporate credit ratings on First Industrial Realty Trust Inc. and First Industrial L.P.(collectively, First Industrial). At the same time, we affirmed our ratings on roughly $1.565 billion of senior unsecured notes and $275 million of preferred stock. Additionally, we revised our outlook on First Industrial to stable from negative (see list). The outlook revision and rating affirmations acknowledge First Industrial's strengthened debt coverage metrics, which are supported by improved portfolio operating results, as well as by fairly consistent earnings to date from the company's (potentially more volatile) capital recycling activities. A large, relatively well-diversified property portfolio should continue to produce a stable cash flow despite weakening fundamentals and |
| Brief Excerpt: | RESEARCH Ratings Definitions Research Update: First Industrial Realty Trust Outlook Revised To Stable; Ratings Affirmed Publication date: ##-May-#### Primary Credit Analyst: Elizabeth Campbell, New York (#) ###-###-####; elizabeth_campbell@standardandpo... |
| Word Count: | 1773 |
| Ticker: | FR |
| Issuer: | First Industrial Realty Trust Inc. |
| GICS: | Industrial REIT's (40402020) |
| Sector: | Global Issuers, Structured Finance, Corporations, Real Estate Companies, Commercial MBS |
| Country: | United States |
| Region: | United States |
| Format: | 
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