S&P Raises iStar Financial Ratings Outlook to 'Positive'
Spencer B. Haber, iStar Financial's president and chief financial officer, commented, "We are very pleased with S&P's rating action, and view it as another favorable sign of iStar Financial's positive credit momentum."
iStar Financial is the largest publicly traded finance company focused exclusively on the commercial real estate industry. The Company provides structured financing to private and corporate owners of real estate nationwide, including senior and junior mortgage debt, corporate mezzanine and subordinated capital, and corporate net lease financing. The Company, which is taxed as a real estate investment trust, seeks to deliver superior risk-adjusted returns on equity to shareholders by providing innovative and value-added financing solutions to its customers. Additional information on iStar Financial is available on the Company's Web site at http://www.istarfinancial.com.
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CONTACT: Spencer B. Haber, President and Chief Financial Officer, Andrew C. Richardson, Senior Vice President, Capital Markets, or Erin C. Hart, Associate, Investor Relations, all of iStar Financial Inc., +1-212-930-9400 URL: http://www.istarfinancial.com http://www.prnewswire.com
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