Fitch Withdraws Associated Estates' Ratings on Privatization

Business News
Print
NEW YORK--(BUSINESS WIRE)--Fitch Ratings has withdrawn the existing ratings of Associated Estates Realty Corporation following the completed acquisition of the company by a real estate fund managed by Brookfield Asset Management (NYSE/TSX: BAM; Brookfield; IDR 'BBB-'/Stable Outlook). KEY RATING DRIVERS The ratings withdrawal reflects that AEC's rated obligations were pre-funded, repaid early or cancelled. KEY ASSUMPTIONS Fitch will not have access to sufficient information to rate the issuer go

imageimage