Moody's downgrades Boston Properties to Baa2, changes outlook to stable from negative
Moody's today downgraded Boston Properties Limited Partnership's senior unsecured debt rating to Baa2 from Baa1 and changed the outlook to stable from negative. In the same rating action, Moody's downgraded Boston Properties Limited Partnership's senior unsecured shelf rating to (P)Baa2 from (P)Baa1...Boston Properties is a real estate investment trust that develops, owns and manages primarily office properties. The company's properties are concentrated in five markets: Boston, Los Angeles, New York, San Francisco and Washington, DC. The company is a real estate company, with in-house knowledge and resources in acquisitions, development, financing, capital markets, construction management, property management, marketing, leasing, accounting, risk management, tax and legal services. The company manages Boston Properties Limited Partnership, which is the entity through which the company conducts substantially all of its business and owns (either directly or through subsidiaries) substantially all of its assets.
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