Fitch rates Sovran loan BBB-

Fitch Ratings said it assigned BBB- ratings to Sovran Self Storage Inc. and Sovran Acquisition LP's $175 million five-year unsecured line of credit, $125 million seven-year unsecured term loan, $100 million seven-year unsecured delayed draw note and $100 million 10-year 5.54% series D privately placed term note.

The issuer default ratings are BBB- and the outlook is stable.

The company expects to use proceeds from the $100 million 10-year 5.54% series D privately placed term note and the $125 million seven-year unsecured term loan to repay a $150 million term loan due June 2012 and $71 million outstanding on the company's unsecured line of credit.

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