S&P puts Trustreet Properties on positive watch

Standard & Poor's said it placed its ratings on Trustreet Properties Inc. on CreditWatch with positive implications.

Affected ratings include the corporate credit at BB, secured bank debt at BB, senior notes at B+ and preferred stock at B.

The CreditWatch placements follow the recent announcement that Trustreet has agreed to be acquired by GE Capital Solutions Franchise Finance, a unit of GE Commercial Finance, the agency added.

There is uncertainty surrounding the ultimate treatment of the rated Trustreet bonds - whether they will be refinanced or remain outstanding.

© 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.