S&P: FelCor view 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.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.