S&P revises Kilroy to positive

Standard & Poor's said it affirmed its BBB- corporate credit rating on Kilroy Realty Corp. and its operating partnership Kilroy Realty, LP and revised the outlooks to positive from stable.

The actions affect roughly $1.2 billion of senior notes.

"The outlook revision is based on stronger operating fundamentals in Kilroy's West Coast office markets," S&P credit analyst Lisa Sarajian said in a news release.

In addition, the agency expects the company's aggressive portfolio repositioning and its profitable development pursuits will bolster cash flow and credit metrics.

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