 Dubai, April 09, 2020 -- Moodys Investors Service, Moodys has downgraded the corporate family rating of Fortress REIT Limited Fortress to Ba2 from Ba1 and has affirmed the Not Prime short-term issuer rating. Concurrently, Moodys has downgraded the long term CFR national scale rating to A1.za from Aa3.za, and has affirmed the short-term national scale issuer rating of Prime-1.za. The downgrade reflects Moodys view that Fortress continues to manage its liquidity in a way that it is overly reliant on the refinancing of existing debt as it comes due. 