Moody’s raises Kilroy Realty to Baa2

Moody's Investors Service said it upgraded the senior unsecured ratings of Kilroy Realty LP to Baa2 from Baa3.

The outlook is stable.

"Today's upgrade recognizes Kilroy Realty's first-class office portfolio which stretches from Seattle to the San Francisco Bay Area to San Diego," Moody's analyst Alice Chung said in a news release. "Kilroy Realty continues to exhibit superior operating performance and management's ability to maintain a strong financial profile as it expands its market position is supportive of an upgrade to Baa2."

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