OREANDA-NEWS. Fitch Ratings has assigned an 'A-' rating to the senior unsecured notes due 2046 issued by Federal Realty Investment Trust (NYSE: FRT; Federal). The Rating Outlook is Stable.

The ratings are based on Federal's consistent and steady cash flow growth provided by the company's community shopping centers, along with a track record of prudent balance sheet management and creative redevelopment and mixed-use development.