Retail Properties of America, Inc.: Update to credit analysis
RPAI's Baa3 senior unsecured rating reflects the REIT's conservative capital structure, strong credit metrics, good tenant diversification and a well-laddered debt maturity schedule.Retail Properties of America is a real estate investment trust that owns and operates shopping centers, including properties with a mixed-use component. As of Dec. 31, 2019, the company owned 104 retail operating properties in the United States. The company's retail operating portfolio includes neighborhood and community centers, power centers, and lifestyle centers and multi-tenant retail-focused mixed-use properties, as well as single-user retail properties.
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