Despite competition, debt concerns, SL Green outlook a oestablea : Fitch

While affirming SL Green Realty's default rating and providing an outlook of "stable," credit ratings agency Fitch raised issues with the real estate investment trust's relationship to debt and noted "concerns" about the Midtown Manhattan office leasing market. Fitch affirmed SL Green's rating of BBB- last week, citing credit strengths including a "high-quality New York office portfolio," a growing pool of unencumbered assets and a "strong, albeit relatively concentrated tenant base."
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