New York, November 26, 2014 -- Moody's Investors Service has upgraded iStar Financial's senior unsecured rating to B2 from B3 as a result of the REIT's portfolio quality and operating performance improvement. In the same rating action, Moody's upgraded the senior secured credit facility rating to Ba3 from B1 and the preferred stock rating to Caa1 from Caa2. iStar Financial's corporate family rating was affirmed at B2. The outlook has been revised to stable from positive.

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