FelCor Lodging 'BB-' Rating Put On CreditWatch Negative

NEW YORK Aug. 1, 2008--Standard & Poor's Ratings Services today placed its ratings on Irving, Texas-based FelCor Lodging Trust Inc., including the 'BB-' corporate credit rating, on CreditWatch with negative implications.

"The CreditWatch listing reflects our concern that given our expectation for a more challenging lodging environment in the second half of 2008, the company may not reduce leverage to the 6x area or below by the end of 2008, which we had cited as an important factor for maintenance of the current rating," explained Standard & Poor's credit analyst Liz Fairbanks. "We previously expected the company to reduce leverage through EBITDA growth in 2008."

For a complete copy of the release, please contact,

Media: Mimi Barker, New York (1) 212-438-5054, mimi_barker@standardandpoors.com

Analysts: Liz Fairbanks, New York (1) 212-438-7459
Emile Courtney, CFA, New York (1) 212-438-7824