Fitch: Liberty notes BBB+

Fitch Ratings said it assigned a BBB+ rating to the $400 million aggregate principal amount of 4.125% senior unsecured notes due 2022 issued by Liberty Property Ltd. Partnership, a subsidiary of Liberty Property Trust.

The notes were issued at 99.805% of par value to yield 4.149%, the agency said, adding that net proceeds of the offering are expected to be used to repay borrowings under Liberty's unsecured credit facility and for general corporate purposes.

The company's other ratings are issuer default rating at BBB+; unsecured revolving credit facility at BBB+; medium-term notes at BBB+; senior unsecured notes at BBB+; and preferred operating units at BBB-.

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