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Posted by
Two Blokes Jul 12 -
Filed in
Stock
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4 views
RLJ Lodging Trust holds a sizable, diversified hotel portfolio with solid asset coverage and moderate leverage, but faces weak liquidity and a challenging operating environment. After applying Moody's REIT methodology and market adjustments, I assign RLJ a Ba1 credit rating, reflecting both strengths and notable risks. RLJ's preferred stock (RLJ.PR.A) and OTC bonds, offer yields but lack sufficient downside protection for the risk involved.
