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Prospect News home > News index > List of issuers R > Headlines for Reckson Operating Partnership LP > News item
Published on 8/3/2011 in the Prospect News Convertibles Daily, Prospect News High Yield Daily and Prospect News Preferred Stock Daily.

Fitch rates SL Green notes BB+

Fitch Ratings said it assigned a BB+ rating to the $250 million of 5% senior unsecured notes issued by SL Green Operating Partnership, LP, the operating partnership of SL Green Realty Corp., and Reckson Operating Partnership, LP, as co-obligors.

The notes are due Aug. 15, 2018 and priced to yield 5.03%.

SL Green Operating Partnership LP's issuer default rating is BB+.

The outlook is stable.

Proceeds will be used to repay a portion of debt under the company's unsecured credit facility and for general corporate purposes.


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