Moody’s affirms Columbia Property

Moody’s Investors Service affirmed all of the ratings of Columbia Property Trust, Inc. including the Baa2 senior unsecured debt rating of its operating subsidiary, Columbia Property Trust OP, LP. The outlook remains stable.

The affirmation follows the REIT’s announcement that it has completed a large joint venture transaction with Allianz Real Estate initially valued at $1.3 billion, Moody’s said.

The stable outlook reflects the agency’s expectation that Columbia will maintain its conservative financial profile as it seeks continued growth, both within and outside of its joint ventures.

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