Moody's downgrades Mack-Cali Realty's senior unsecured debt and corporate family ratings to B1, outlook remains negative
Rating Action: Moody's downgrades Mack-Cali Realty's senior unsecured debt and corporate family ratings to B1, outlook remains negative. Global Credit Research- 22 Apr 2020. New York, April 22, 2020-- Moody's Investors Service has downgraded Mack-Cali Realty, L.P.' s senior unsecured debt and corporate family ratings to B1 from Ba2 due to the increased risk that the planned disposition transactions will not be completed in a timely manner at the expected values such that the...Mack-Cali Realty is a real estate investment trust. The company owns and operates a real estate portfolio comprised of Class A office and office/flex properties located primarily in the Northeast. The company performs various real estate leasing, management, acquisition and development on an in-house basis. The company's industry segments are: commercial and other real estate and multi-family real estate and services. The company provides leasing, property management, acquisition, development, construction and tenant-related services for its commercial and other real estate and multi-family real estate portfolio. The company's multi-family services business also provides similar services for third parties.
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