Lexington Realty Trust (LXP) Reports In-Line Q1 FFO

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S&P Revises Outlook on Lexington Realty Trust (LXP) to Positive; Cites Improving Credit Measures

May 9, 2014 1:57 PM EDT

Standard & Poor's Ratings Services revised its outlook on Lexington Realty Trust (NYSE: LXP) to positive from stable. At the same time, we affirmed our ratings on Lexington, including the 'BB+' corporate credit rating and 'BBB-' issue-level ratings. The recovery rating on the company's debt remains '2'.

"The positive outlook acknowledges improved key credit measures that we expect will continue to strengthen," said Standard & Poor's credit analyst Jaime Gitler. The company has also lengthened its weighted average lease term and strengthened the quality of the asset base.

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