S&P affirms HRPT

Standard & Poor's said it affirmed HRPT Properties Trust's BBB corporate credit rating.

The outlook is stable.

Ratings acknowledge the company's conservative financial policies and steady operating strategy, which is focused primarily on income growth from its relatively stable, well-diversified portfolio, S&P said.

These strengths are tempered by some softness in several core markets and operating cash flow after all dividends that does not fully support tenant improvement and leasing commission expenditures, the agency noted.

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