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Fitch affirms GLP at BBB+, with stable outlook

GROWING FAST: GLP has become the second-largest industrial asset owner in the US after the US$4.6b acquisition of US Income Partners II in Nov 2015.


FITCH Ratings on Friday affirmed Global Logistic Proper-ties' (GLP) long-term foreign-currency issuer default rating at BBB+ with a stable outlook.

The senior unsecured rating and all outstanding bonds are also affirmed at BBB+.

The agency also affirmed its