Moody's confirms Centerline

Moody's Investors Service said it confirmed the corporate family rating of Centerline Holding Co. at B2.

The outlook is negative.

This concludes Moody's review.

The agency added that this follows the extension of the term loan and revolver maturities for one year by Centerline's lenders.

Centerline's near-term liquidity position remains challenging; Moody's believes, however, that Centerline maintains sufficient funds to meet its remaining needs in 2008.

The agency said that the last rating action with respect to Centerline was on Nov. 3 when its rating was lowered to B2 from B1 and remained on review for possible downgrade.

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