Fitch Affirms and Withdraws All Ratings for Colonial Properties Trust

NEW YORK--()--Fitch Ratings has affirmed and withdrawn the Issuer Default Ratings (IDR) and issue ratings of Colonial Properties Trust (NYSE: CLP) and its operating partnership, Colonial Realty Limited Partnership.

Fitch has decided to discontinue the ratings, which are uncompensated.

Fitch affirms and withdraws the following ratings:

Colonial Properties Trust

--IDR at 'BB+'.

Colonial Realty Limited Partnership

--IDR at 'BB+';

--Unsecured revolving credit facilities at 'BB+';

--Senior unsecured term loans at 'BB+';

--Senior unsecured notes at 'BB+'.

The Rating Outlook was previously Positive.

Additional information is available at 'www.fitchratings.com'. The ratings above were solicited by, or on behalf of, the issuer, and therefore, Fitch has been compensated for the provision of the ratings.

Applicable Criteria and Related Research:

--Corporate Rating Methodology (Aug. 8, 2012);

--Parent and Subsidiary Rating Linkage (Aug. 8, 2012);

--Recovery Rating and Notching Criteria for Equity REITs (May 3, 2012);

--Criteria for Rating U.S. Equity REITs and REOCs (Feb. 27, 2012).

Applicable Criteria and Related Research:

Corporate Rating Methodology

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=684460

Recovery Ratings and Notching Criteria for Equity REITs

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=693751

Criteria for Rating U.S. Equity REITs and REOCs

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=671869

Parent and Subsidiary Rating Linkage

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=685552

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