Simon Property Group, Inc. (SPG) Message Board

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Strategies & Market Trends : Simon Property Group, Inc. (SPG)

SPG 173.60

-1.8%

3:59 PM EDT

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From: JakeStraw	8/3/2005 1:27:20 PM
	of 5

Fitch upgrades Simon debt rating; outlook 'positive' By Gabriel Madway SAN FRANCISCO (MarketWatch) -- Fitch Ratings on Wednesday upgraded Simon Property Group Inc.'s (SPG) debt rating to BBB+. It also revised the rating outlook to positive. The agency said the rating upgrade was based on the Indianapolis-based company's large portfolio of regional shopping malls, outlet centers, and lifestyle centers. Fitch said the strongs income stream created by Simon's assets has resulted in consistent and strong fixed charge and interest coverage metrics. The agency said the positive outlook reflects its view that Simon's financial ratios will remain within their historic band but that the overall diversity, quality and robustness of the asset pool will continue to improve.

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