TEXT-Fitch raises Federal Realty Investment Trust ratings
News from Reuters:

Thu Apr 26, 2012 12:35pm EDT

April 26 - Fitch Ratings has upgraded the credit ratings of Federal Realty
Investment Trust (NYSE: FRT) as follows:        
        
--Issuer Default Rating (IDR) to 'A-' from 'BBB+';      
--Unsecured revolving credit facility to 'A-' from 'BBB+';      
--Senior unsecured notes to 'A-' from 'BBB+';   
--Redeemable preferred shares to 'BBB' from 'BBB-'.     
        
In addition, Fitch has assigned an 'A-' rating to the company's $  275 million    
senior unsecured term loan.     
        
The Rating Outlook is Stable.   
        
The rating actions are driven by the company's prudent balance sheet management         
and the high quality and consistent cash flow streams provided by FRT's         
community shopping centers. Fitch views positively FRT's consistent strategy of         
operating a high-quality retail real estate portfolio with assets located in    
infill locations with strong demographic characteristics, as opposed to engaging        
in speculative development in less mature retail markets. FRT maintains a       
long-term hold strategy with respect to its properties and has successfully     
grown rent revenues through redevelopment activity. This strategy has enabled   
the company to pro...............      continues on Reuters

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