After downgrading and placing the company’s ratings on Rating Watch Negative in early May, Fitch Ratings has issued a credit-analysis report on Sovran Self Storage Inc. and Sovran Acquisition Limited Partnership. According to Business Wire, the downgrades are based on the fact that the leverage covenants contained in the company’s unsecured debt agreements limit its liquidity and restrict its financial flexibility.
Source: Business Wire, Sovran Self Storage Stock Expected to Decline, Says Squeezetrigger
Fitch Issues Credit-Analysis Report on Sovran Self Storage Ratings
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