NEW YORK (Standard&Poor's) Nov. 14, 2007--Standard&Poor's Ratings Services today revised its outlook on Tanger Factory Outlet Centers Inc. to positive from stable. At the same time, we affirmed our 'BBB-' corporate credit rating on Tanger and all other Tanger-related ratings, affecting roughly $500 million in senior notes. "The ratings acknowledge the company's solid operating performance, the stability of its consistently well-leased portfolio and improved financial flexibility resulting from recent refinancing activity," said credit analyst Linda Phelps. "These strengths are tempered by the company's relatively small size with some concentration in its portfolio and somewhat mixed asset quality." The performance of the company's well-leased portfolio has been solid and the company's financial profile could improve materially with
