Fitch affirms Hudson Pacific

Fitch Ratings said it affirmed the issuer default ratings for Hudson Pacific Properties, Inc. and Hudson Pacific Properties LP at BBB-.

The outlook is stable.

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

Hudson also operates with financial policies that are appropriate for a low investment grade-rated REIT, Fitch added.

The agency said its expectation for above-average portfolio rental income volatility through the cycle is the principal credit concern that balances Hudson's ratings.

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