Report
EUR 230.30 For Business Accounts Only

Franklin Street Properties Corp.: Update to credit analysis following downgrade to B3; outlook remains negative

Our credit view of Franklin Street Properties reflects its declining trend in the portfolio lease rate and refinancing risks when considering its debt maturities which come due in 4Q 2024.
Underlying
Franklin Street Properties Corp.

Franklin Street Properties is a real estate investment trust focused on commercial real estate investments primarily in office markets and operates in one segment: real estate operations. The real estate operations market involves real estate rental operations, leasing, secured financing of real estate and services provided for asset management, property management, property acquisitions, dispositions and development. The company invests in infill and central business district office properties in the United States sunbelt and mountain west regions as well as select markets.

Provider
Moody's Investors Service
Moody's Investors Service

Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:

  • 130 countries
    11,000 corporate issuers
    21,000 public finance issuers
    76,000 structured finance obligations



Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.



Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions. 

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