OREANDA-NEWS. September 01, 2015. Fitch Ratings has withdrawn the existing ratings of Associated Estates Realty Corporation following the completed acquisition of the company by a real estate fund managed by Brookfield Asset Management (NYSE/TSX: BAM; Brookfield; IDR 'BBB-'/Stable Outlook).

KEY RATING DRIVERS
The ratings withdrawal reflects that AEC's rated obligations were pre-funded, repaid early or cancelled.

KEY ASSUMPTIONS
Fitch will not have access to sufficient information to rate the issuer going forward.

FULL LIST OF RATING ACTIONS

Fitch has withdrawn the following ratings:

Associated Estates Realty Corporation
--Issuer Default Rating 'BBB-' on Rating Watch Negative;
--Unsecured revolving credit facility 'BBB-';
--Senior unsecured term loans 'BBB-';
--Senior unsecured notes 'BBB-'.