Fitch gives Corporate Office notes BBB-

Fitch Ratings said it assigned a BBB- rating to Corporate Office Properties LP's senior unsecured notes.

The BBB- rating is consistent with Fitch’s ratings on the company’s other senior unsecured notes.

Corporate Office Properties Trust intends to use the proceeds for the redemption of its $300 million of unsecured notes that mature in July 2025 and for general corporate purposes with any remaining proceeds to pay down the secured mortgage financing on the 100 & 30 Light Street asset that matures in June 2023.

The outlook is stable.

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