S&P: Tanger view positive

Standard & Poor's said it revised the outlook on Tanger Factory Outlet Centers Inc. to positive from stable and affirmed the BBB- corporate credit rating and BB+ preferred stock rating.

The ratings acknowledge the company's solid operating performance, the stability of its consistently well-leased portfolio and improved financial flexibility resulting from recent refinancing activity, S&P said.

These strengths are tempered by the company's relatively small size, along with some portfolio concentration and somewhat mixed asset quality, the agency said.

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