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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (33941)	4/2/2009 3:02:24 PM
From: E_K_S	1 Recommendation Respond to of 78748

Fitch Downgrades Brandywine Realty Trust's IDR to 'BB+'; Revises Outlook to Negative earthtimes.org NEW YORK - (Business Wire) Fitch Ratings has downgraded the ratings of Brandywine Realty Trust (NYSE:BDN) and Brandywine Operating Partnership, L.P. (together, Brandywine) as follows: Brandywine Realty Trust --Issuer Default Rating (IDR) to 'BB+' from 'BBB-'; --Preferred stock to 'BB-' from 'BB+'. Brandywine Operating Partnership, L.P. --IDR to 'BB+' from 'BBB-'; --Unsecured revolving credit facility to 'BB+' from 'BBB-'; --Senior unsecured notes to 'BB+' from 'BBB-'. Fitch has also revised the Rating Outlook to Negative from Stable. ============================================================= Pretty much as expected. Stock continues to trade higher on higher volume even after this news. There is little to no activity on the preferred series. EKS