TrizecHahn Classes Off Rating Watch

November 14, 2003, 3:00 p.m. EST 1 Min Read

Classes E-3 and E-4 of TrizecHahn Office Properties Trust, series 2001-TZH, have been removed from Rating Watch Negative by Fitch Ratings.The rating agency said the action stemmed from "the positive cash flow effect of the substitution of 550 West Washington in Chicago for two lesser-quality assets, Clark Tower in Memphis and Park Central in Dallas, and the strong leasing activity in three Houston assets." In addition, Fitch affirmed the ratings on 15 other classes in the transaction.

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