Fitch lifts Aimco view to stable

Fitch Ratings said it has affirmed the ratings for Apartment Investment and Management Co.'s (Aimco) $900 million preferred stock at BB+ and Aimco Properties LP's $850 million credit facility at BBB-.

Fitch said it has also revised Aimco's outlook to stable from negative, reflecting the recent strong performance in same store net operating income.

Fitch's ratings reflect Aimco's asset and geographic diversification encompassing 234,000 units spanning 47 states.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.