Fitch rates Digital Realty preferreds BBB

Fitch Ratings said it assigned a BBB rating to the guaranteed notes issued by Digital Realty Trust, LP, the operating partnership of Digital Realty Trust, Inc., and assigned a BB+ rating to the preferred stock issued by Digital Realty Trust, Inc.

The outlook is stable.

Fitch said Digital Realty exhibits credit strengths including a global platform, granular tenant base, good access to multiple forms of capital, strong liquidity, and a deep management bench.

These credit positives are balanced by the niche asset class in which the company operates resulting in a less liquid investment market and leveragability than other commercial property asset classes, the agency added.

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