Standard&Poor's Ratings Services revised its outlook on CB Richard Ellis Services Inc. (B+/--) to positive from stable. This action was taken in response to the company's announcement of plans to raise capital in an initial public common stock offering. The company plans to use a portion of the proceeds to redeem debt. While this is a positive move for the company's credit, the details of the final transaction remain to be determined. Standard&Poor's will review the final specifics of the transaction when they become available. Current ratings reflect CB Richard Ellis Services Inc.'s profitability and debt service coverage being dependent on cyclical sales and leasing transaction volume. CB Richard Ellis' businesses are not capital intensive, but
