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Article: DCR ASSIGNS INITIAL RATINGS TO EQUITY RESIDENTIAL PROPERTIES TRUST $500 MILLION OF DEBT AND PREFERRED STOCK AFFECTED
- Article from:
- PR Newswire
- Article date:
- October 10, 1995
CopyrightCOPYRIGHT 1995 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK, Oct. 10 /PRNewswire/ -- Duff & Phelps Credit Rating Co. (DCR) announced that it has assigned a rating of "BBB+" (Triple-B Plus) to the outstanding senior debt securities of ERP Operating Limited Partnership (ERP), the principal operating subsidiary of Chicago-based Equity Residential Properties Trust (Equity Residential). DCR has also assigned a rating of "BBB" (Triple-B) to Equity Residential's outstanding Series A Cumulative Preferred Stock. Approximately $500 million of debt and preferred stock are affected by the new ratings.
The DCR ratings recognize Equity Residential's strong track record, experienced management team and established position as one ...