(Source: Fitch Inc) 18 Sep 2015 2:57 PM GMT/UTC Fitch Withdraws Public Storage's Ratings Fitch Ratings-New York-18 September 2015: Fitch Ratings has affirmed and withdrawn the following ratings for Public Storage: --Issuer Default Rating (IDR) at 'A+'; --Unsecured revolving line of credit at 'A+'; --Preferred stock at 'A'. The Rating Outlook is Stable. Fitch has chosen to withdraw the ratings for Public Storage for commercial reasons. KEY RATING DRIVERS The 'A+' IDR reflects the company's minimal debt, which results in low leverage and limited refinance risk, coupled with Fitch's expectation of sustained improvements in fixed-charge coverage (FCC) due to solid performance of the company's...
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