Moody’s affirms SL Green

Moody's Investors Service said it affirmed SL Green Operating Partnership LP's Baa3 senior unsecured rating.

Moody's said it also affirmed all other outstanding ratings for SL Green Realty Corp.

The outlook is stable.

The agency said the affirmation reflects the REIT's high-quality Manhattan office portfolio and solid liquidity position.

Geographic concentration, weak fixed charge coverage, elevated leverage metrics and the REIT's large share repurchase program are other key considerations, Moody’s noted.

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