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Research Update: FelCor Lodging 'B-' Rating Affirmed; Outlook Negative; Various Actions Taken On Note Issues Product Image

Research Update: FelCor Lodging 'B-' Rating Affirmed; Outlook Negative; Various Actions Taken On Note Issues

  • Published: October 2009
  • Standard & Poors

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.

Abstract
U.S.-based REIT Felcor announced the funding of $636 million of new senior secured 10% notes due 2014. We affirmed our 'B-' corporate credit rating on the company, our 'B-' rating on the 10% notes, and our 'C' rating on the company's preferred stock. We lowered our rating on the company's floating-rate and 9% READ MORE >

FelCor Lodging Trust Inc.,FelCor Lodging L.P.

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