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S&P: Weingarten outlook negative
Standard & Poor's said it revised the outlook for Weingarten Realty Investors to negative from stable and affirmed its BBB corporate credit and senior unsecured debt ratings and BB+ preferred stock rating.
"The outlook revision reflects our concerns regarding Weingarten's comparatively large 2011 debt maturities in light of the company's above-average leverage," S&P analyst Elizabeth Campbell said in a statement.
"We believe Weingarten's efforts to improve liquidity and deleverage over the next two years will be challenging given the current weak retail environment and constrained capital markets."
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