- Language: English
- 94 Pages
- Published: June 2013
- Region: United Kingdom
$1.0 Billion Note Issuance From Simon Property Group Rated 'BBB+' Jun 05
- Published: June 2005
- Standard & Poors
NEW YORK (Standard & Poor's) June 2, 2005--Standard & Poor's Ratings Services today assigned its 'BBB+' rating to Simon Property Group Inc.'s (Simon) recently issued $400 million senior notes due 2010 and $600 million senior notes due 2015. Ratings are concurrently affirmed for roughly $6.5 billion of existing senior notes. The company's outlook remains stable. "The ratings acknowledge Simon's strong operating performance, led by continued growth and stable occupancy in the regional mall and premium outlet center businesses, and high quality, geographically diverse portfolio," said Standard & Poor's credit analyst Linda Phelps. "These strengths are tempered by a moderately leveraged balance sheet." Simon has consistently delivered solid operating results from its well-diversified portfolio, with rents on new leases continuing to...
Companies mentioned in this report are: Simon Property Group, Inc,Simon Property Group, L.P.
Action: New Rating
Action: Outlook: Stable
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Research type: News
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Simon Property Group, Inc,Simon Property Group, L.P.