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Fitch Places Reckson on Rating Watch Negative After Acquisition Announcement.

Publication: Business Wire
Publication Date: 04-AUG-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
NEW YORK -- Fitch has placed the following Reckson Associates Realty Corp. (NYSE:RA) ratings on Rating Watch Negative after the announced acquisition of RA by SL Green Realty Corp:

--Issuer Default Rating (IDR) 'BBB-';

--All outstanding senior unsecured notes issued by Reckson Operating Partnership, L.P. 'BBB-';

--Reckson Operating Partnership, L.P.'s unsecured credit facility 'BBB-.'...

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