Fitch Affirms Simon Property Group's L-T IDR at 'A'; Outlook Stable

April 20, 2015 2:40 PM

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(The following statement was released by the rating agency) NEW YORK, April 20 (Fitch) Fitch Ratings has affirmed its ratings on Simon Property Group, Inc. (NYSE: SPG) and certain rated subsidiaries (collectively, Simon), including SPG's long-term Issuer Default Rating (IDR) at 'A'.

The Rating Outlook is Stable. A full list of rating actions follows at the end of this release. KEY RATING DRIVERS Fitch's affirmation of Simon's long-term IDR at 'A' reflects the strong quality of the company's retail real estate portfolio that generates robust cash flow in excess of fixed charges,...

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