MUMBAI (Thomson Financial) - Standard & Poor's Ratings Services said it
placed its ratings, including the 'B+' corporate credit rating, on LodgeNet
Interactive Corp. on credit watch with negative implications.
The rating agency said the action reflects its concerns about LodgeNet's
ability to remain in compliance with its financial covenants, particularly given
the slowdown in the economy.
The in-room entertainment provider had $630 million of total debt
outstanding as of March 31, 2008.
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