S&P lifts Taubman view to stable

Standard & Poor's said it revised its outlook on Taubman Centers Inc. to stable from negative and affirmed its ratings on the company's corporate credit and preferred stock.

S&P said the outlook revision acknowledges the improved operating results from some of Taubman's less seasoned malls, a stabilized financial profile, and the highly productive, albeit smaller, core portfolio. The REIT's non-investment-grade ratings profile continues to reflect a slightly more aggressive and uneven growth strategy, as well as the likely, permanent low debt protection measures.

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