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0 0 0 0 -0.0246433203631647 -0.0246433203631647 -0.0285343709468223 0.00778210116731524
Stock impact report

Independence Realty Trust Receives Investment Grade Credit Rating from Fitch

Independence Realty Trust, Inc. (IRT) 
Company Research Source: Business Wire
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT” or the “Company”) announced today that the Company received an investment grade rating from Fitch Ratings (“Fitch”). Fitch has assigned a Long-Term Issuer Default Rating of ‘BBB’ to IRT with a stable outlook. In addition, Fitch has assigned a rating of ‘BBB’ to the company's subsidiary, Independence Realty Operating Partnership, LP and its senior unsecured debt, which includes credit facilities and unsecured term loans.“We’re proud to have achieved an investment grade credit rating, a significant milestone for IRT,” said Scott Schaeffer, Chairman and Chief Executive Officer of IRT. “This reflects our efforts to fundamentally reset our leverage profile through profitable growth and the successful execution of our Portfolio Optimization and Deleveraging Strategy. An investment grade credit rating will help us further improve our cost of capital and give IRT access to additional capital sources, to impl Show less Read more
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