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S&P: Town Sports to positive
Standard & Poor's said it revised the B outlook on Town Sports International Holdings Inc. to positive from stable.
The agency also said it affirmed its B corporate credit rating.
The outlook revision reflects the recent improvement in Town Sports' operating trends, which is expected to continue in 2011, S&P said.
The agency said it anticipates that EBITDA will grow at least modestly over the next few years, fueled by both improved performance at existing clubs and club expansion, the agency said.
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