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Published on 1/9/2008 in the Prospect News Bank Loan Daily, Prospect News Convertibles Daily, Prospect News Distressed Debt Daily and Prospect News High Yield Daily.

S&P: WCI Communities unchanged

Standard & Poor's said its ratings and outlook on WCI Communities Inc. (CCC/negative) continue to acknowledge acute liquidity challenges.

Challenges include the need to negotiate more liberal terms governing a $700 million secured revolver and a $263 million secured bank loan, including a modification of the company's fixed-charge covenant, the agency said.


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