Fitch: Reckson Op off watch

Fitch Ratings said it removed from rating watch negative Reckson Operating Partnership's issuer default rating , senior unsecured notes and senior unsecured convertible notes ratings and has affirmed all of these ratings at BB+.

The outlook is stable.

Ratings strength is noted in Fitch's assessment of SL Green on a consolidated basis, the agency said, adding that based on the strong legal and operational ties between SL Green and Reckson Op, Fitch viewed SL Green's credit statistics on a consolidated basis as an important determinant in its rating of Reckson Op.

Fitch said it calculated SL Green's total debt-to-EBITDA coverage to be 9.2 times at Dec. 31, compared to 6.0x at Dec. 31.

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