New York, December 09, 2014 -- Moody's Investors Service downgraded the senior unsecured debt rating of Mack-Cali Realty L.P. to Baa3 from Baa2 due to the deterioration in the operating performance of its core office portfolio. The REIT's weak earnings have translated into to credit metrics than are no longer commensurate with a Baa2 unsecured rating. In the same rating action, Moody's downgraded Mack-Cali Realty's Senior Secured shelf to (P)Baa3 from (P)Baa2, senior subordinated shelf rating to (P)Ba1 from (P)Baa3 and the preferred stock shelf rating of Mack-Cali Realty Corporation, the parent company of Mack-Cali Realty, to (P)Ba1 from (P)Baa3.

Vollständigen Artikel bei Moodys lesen