| Title: | Centro Ratings Remain On Watch Developing After Further Debt Deadline Extension |
| Price: | $100.00 |
| Publication Date: | May 08, 2008 |
| Report Type: | News |
| Abstract: | MELBOURNE (Standard&Poor's) May 9, 2008—Standard&Poor's Ratings Services said today that its 'CCC+' issuer credit ratings on Centro NP LLC remained on CreditWatch with developing implications, where they were initially placed on Jan. 3, 2008. This follows a series of announcements made on May 8, 2008 by Centro Properties Group (CNP; not rated). The 'CCC+' senior-unsecured debt and 'CCC-' preferred stock ratings on Centro NP (formerly New Plan Excel Realty Property Trust) also remain on CreditWatch with developing implications. On May 8, 2008 CNP updated the Australian equity market on the company's refinancing plans for its maturing bank debt and progress made on the "strategic review". Collectively, the announcements do not have an immediate effect on the |
| Brief Excerpt: | RESEARCH Ratings Definitions Centro Ratings Remain On Watch Developing After Further Debt Deadline Extension Publication date: ##-May-#### Primary Credit Analyst: Craig Parker, Melbourne (##) #-####-####; craig_parker@standardandpoors.com... |
| Word Count: | 990 |
| Ticker: | NXL |
| Issuer: | Centro NP LLC |
| GICS: | Retail REIT's (40402060) |
| Sector: | Global Issuers, Structured Finance, Corporations, Real Estate Companies |
| Country: | United States |
| Region: | United States |
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