...+ New York City-based Lexington Realty Trust is a midsize net lease REIT with approximately $4.5 billion in undepreciated real estate assets. + Lexington has improved its credit metrics and unencumbered its balance sheet using asset sale proceeds. + We are raising our corporate credit rating on Lexington to '###-' from '##+'. + We are also affirming our '###-' issue-level rating on the company's unsecured debt. + The stable rating outlook reflects our expectation for continued secured debt reduction via asset sales and stable cash flow from longer term industrial and land leases. NEW YORK (S&P Global Ratings) June 17, 2016--S&P Global Ratings today raised its corporate credit rating on New York City-based Lexington Realty Trust to '###-' from '##+'. The rating outlook is stable. At the same time, we affirmed our '###-' issue-level rating on the company's unsecured debt. "The upgrade reflects improved credit metrics, where debt to EBITDA improved to 6.7x in 2015 from 7.4x in 2014, and fixed-charge...
