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Ciena Corp. rated 'above average' in corporate ratings developments

Posted on: Tuesday, 13 April 2004, 06:00 CDT

In corporate ratings developments, Ciena Corp., of Linthicum, a maker of fiber optic telecommunications equipment, was rated ``above average'' in new coverage by analyst Michael S

. Davies at Investec. The Rouse Co., of Columbia, a real estate investment trust, was downgraded to ``reduce 2'' from ``neutral 2'' by analyst Keith Mills at UBS. Mills also downgraded Federal Realty Investment Trust, of Rockville, to ``reduce 1'' from ``neutral 1.''

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