NEW YORK--(BUSINESS WIRE)--Fitch Ratings has withdrawn the existing ratings for Excel Trust, Inc. and its operating partnership Excel Trust, L.P. (collectively, Excel) following its completed acquisition by an affiliate of Blackstone Property Partners, L.P. KEY RATING DRIVERS The ratings withdrawal reflects that Excel's rated obligations were pre-funded, repaid early or cancelled. KEY ASSUMPTIONS --Fitch will not have access to sufficient information to rate the issuer going forward. RATING SEN
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