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Prospect News home > News index > List of issuers F > Headlines for FelCor Lodging Trust Inc. > News item |
S&P: FelCor view up to stable
Standard & Poor's said it revised the outlook on FelCor Lodging Trust Inc. to stable from negative, and affirmed its B- corporate credit rating.
The outlook revision reflects the improvement in FelCor's liquidity profile following the issuance of a significant level of common equity, S&P said.
The company is positioned to manage the refinancing of its remaining maturities in 2011, the agency said.
The ratings reflect high expected leverage of more than 11x at the end of 2010, S&P added.
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