Fitch affirms Hudson Pacific

Fitch Ratings said it affirmed the Hudson Pacific Properties ratings, including the company's issuer default rating at BBB-. The outlook is stable.

“The ratings reflect Hudson's strong competitive market position in densely populated, supply-constrained West Coast office markets,” the agency said in a news release.

“HPP also operates with financial policies that are appropriate for a low investment grade-rated REIT. The company's large unencumbered asset pool is a source of contingent liquidity that supports Hudson's credit profile.”

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