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Fitch Rates Vornado Realty Trust's $300MM 5.70% Series K Preferred Stock 'BB+'; Outlook Stable
In: Business Wire (English), 2012-07-13
Online
Zeitungsartikel
Zugriff:
Fitch Ratings has assigned a credit rating of 'BB+' to the $300 million 5.70% series K preferred stock issued by Vornado Realty Trust (NYSE: VNO). Net proceeds from the offering are expected to be used general corporate purposes which may include the redemption of higher dividend preferred stock or units. The issuance will have no impact on VNO's leverage and will result in a negligible improvement in fixed charge coverage assuming the redemption of a similar amount of preferred stock or units. [ABSTRACT FROM PUBLISHER]
Titel: |
Fitch Rates Vornado Realty Trust's $300MM 5.70% Series K Preferred Stock 'BB+'; Outlook Stable
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Autor/in / Beteiligte Person: | Ratings, Fitch |
Zeitschrift: | Business Wire (English), 2012-07-13 |
Veröffentlichung: | 2012 |
Medientyp: | Zeitungsartikel |
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