Fitch Affirms Public Storage's IDR at 'A' & Preferred Stock at 'A-'; Outlook Stable.

Business Wire › March 28, 2011

Linked as:

Extract

Fitch Affirms Public Storage's IDR at 'A' & Preferred Stock at 'A-'; Outlook Stable.

NEW YORK -- Fitch Ratings has affirmed the credit ratings of Public Storage (NYSE: PSA) and its affiliate Shurgard Storage Centers LLC (collectively, Public Storage) as follows:

Public Storage

--Issuer Default Rating (IDR) at 'A';

--$300 million unsecured revolving credit facility at 'A';

--$3.4 billion preferred stock at 'A-'.

Shurgard Storage Centers, LLC

--IDR at 'A';

--$186.5 million senior unsecured notes at 'A'.

The Rating Outlook is Stable.

The affirmation of Public Storage's IDR and senior unsecured debt ratings at 'A...

See the full content of this document