Moody's: Highwoods outlook positive

Moody's Investors Service said it affirmed Highwoods Realty LP's senior unsecured debt rating at Ba1 and revised its outlook to positive from stable.

The outlook reflects Highwood's improved asset quality since it initiated its strategic plan in 2005, which Moody's said should help Highwoods weather what is expected to be a protracted down cycle and challenging operating environment.

Ratings reflect Highwoods' tenant and economic diversity, moderate leverage and healthy pool of unencumbered assets, the agency said.

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