Moody's affirms Camden

Moody's Investors Service said it affirmed the Baa1 senior unsecured rating of Camden Property Trust.

The outlook remains stable.

Camden maintains best-in-class operational acumen and sufficient balance sheet flexibility, such that it will likely be able to withstand the weakness in the multifamily sector that is expected to endure for the next six to 12 months, according to Moody's.

As of Sept. 30, total leverage metrics are below the point at which the agency said it upgraded the firm's ratings in November 2007, at 46% versus 48% of gross assets and 7.6x versus 8.0x net debt/EBITDA.

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