×

Fitch: Recent Policy & Bond Market Developments a Plus for Global REITs

NEW YORK & LONDON--(BUSINESS WIRE)-- Link to Fitch Ratings' Report: REIT Report Quarterly

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=689901

Two recent developments have the potential to brighten the outlook for REITs both in the U.S. and EMEA, according to Fitch Ratings in its latest REIT Report Quarterly.

Recent convertible bond issues that have come to the EMEA market at low coupon rates benefit REITs in that region because they can cut overall funding costs. The latest quarterly expands on this development and its potential positive attributes in more detail.

Another potentially positive development, this time on the U.S. policy front, took place a few weeks ago that may have favorable implications. The Federal Open Market Committee's third round of quantitative easing (QE3), an expansion of 'Operation Twist', could have a meaningful impact on US equity REITs.

Other items in this edition of Fitch's 'REIT Report Quarterly' include:

--An overview of recent rating actions;

--Summaries of recently released REIT reports and criteria;

--Links to recent Fitch research.

'REIT Report Quarterly' is available by clicking on the link or at 'www.fitchratings.com' under the following headers:

Sectors then Financial Institutions then REITs then Newsletters

Additional information is available at 'www.fitchratings.com'.

Applicable Criteria and Related Research:

-- 'Convertibles Cut Cost of Funding for EMEA REITs' (Sept. 25, 2012);

--'QE3 Could Be Positive for Equity REITs, Structured' (Sept. 14, 2012).

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE.

Fitch Ratings
Steven Marks, +1 212-908-9161
Managing Director
Fitch, Inc.
One State Street Plaza
New York, NY 10004
or
Jean-Pierre Husband, +44 (0)20 7417 6304
Director
or
Ben McCarthy, +61 2 8256 0388
Managing Director
or
Jose Vertiz, +1 212-908-0641
Director
or
Media Relations:
Sandro Scenga, +1 212-908-0278
Email: sandro.scenga@fitchratings.com

Source: Fitch Ratings