(Editor's note: The following media release, originally published Dec. 21, 2004, is being re-transmitted for technical reasons.) NEW YORK (Standard&Poor's) Dec. 22, 2004--Standard&Poor's Ratings Services assigned its 'BBB-' corporate credit rating to Capital Automotive REIT and its operating partnership Capital Automotive L.P. In addition, ratings are assigned to the company's $125 million 6.75% monthly income notes due 2019 and $163.8 million preferred securities. The outlook is stable. "The ratings acknowledge the company's good quality portfolio of auto dealership properties located in growth markets, minimal near-term lease and debt maturities, and solid tenant lease rent coverage," said Standard&Poor's credit analyst George Skoufis. "Tenant concentration is a credit concern; however, this is allayed to some degree
