S&P rates Reckson note BB+

Standard & Poor's said it assigned a BB+ rating to the $250 million 7¾% senior notes due 2020 jointly and severally issued by Reckson Operating Partnership LP, SL Green Realty Corp. and SL Green Operating Partnership LP and a BB+ credit rating to SL Green and SL Green O.P. The notes have a recovery rating of 3.

The outlook is stable.

Proceeds will be used to purchase recently tendered notes.

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