Fitch Withdraws Ratings for Irvine Apartment Communities

NEW YORK--(BUSINESS WIRE)--Fitch Ratings has withdrawn the following ratings for Irvine Apartment Communities, L.P.:

--Issuer Default Rating (IDR) at 'A-';

--Senior unsecured notes at 'A-'.

The withdrawals follow the repayment of all rated senior unsecured debt at the aforementioned entity.

Irvine Apartment Communities, L.P. is a real estate partnership that is focused on owning and managing multifamily apartment communities in coastal California. The partnership is a subsidiary of The Irvine Company LLC, a privately held real estate company based in Newport Beach, CA.

Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.