Subject: Non-CMBS (RATEO)

March 7, 2002 NEW YORK – Fitch has placed its triple-B rating for JP Realty's senior unsecured notes on watch negative as a result of General Growth Properties purchase of the company for $1.1 billion.The rating watch affects $100 million ...

March 5, 2002 NEW YORK – Standard & Poor's today placed its ratings for JP Realty Inc. (NYSE:JPR) and Price Development Co. LP on credit watch with negative implications as a result of the agreement to merge into General Growth ...

March 1, 2002 NEW YORK – Fitch Ratings has placed its double-B preferred stock rating for Taubman Centers Inc. (NYSE:TCO) on rating watch negative because of concerns regarding the shopping center owner's $1.3 billion development pipeline and related leasing and ...

January 31, 2002 NEW YORK – Moody's Investors Service has placed the debt ratings of Toys R Us Inc. on review for possible downgrade because of its concern that the retailer's restructuring plans will face hurdles.The company plans to close ...

January 24, 2002 NEW YORK – Standard & Poor's has placed its ratings on Crescent Real Estate Equities Co. and Crescent Real Estate Equities LP on credit watch with negative implications following uncertainty regarding the termination of an agreement to ...

January 22, 2002 NEW YORK – Moody's Investors Service and Fitch continued downgrading Kmart Corp. paper, following the retailer's filing for Chapter 11 bankruptcy protection this morning.Moody's downgraded six lease-backed bonds involving the retailer to Caa2, its fourth-lowest rating, from ...

January 17, 2002 NEW YORK – Standard & Poor's has downgraded Kmart Corp.'s credit rating to triple-C-minus from single-B-minus and, as a result, lowered the ratings of 14 Kmart-related lease-backed securitizations.Those lease deals, which rely on Kmart's ability to repay ...

January 16, 2002 NEW YORK – Fitch has assigned its triple-B-plus rating to Regency Centers (NYSE:REG) $250 million senior unsecured notes due 2012.Proceeds will be used to reduce bank borrowings. Fitch has placed Regency's ratings on rating watch positive based ...

January 16, 2002 NEW YORK – Kmart Corp.'s debt ratings have been downgraded yet again, by Moody's Investors Service and Fitch. Moody's dropped the retailer's senior unsecured rating to Caa1 – among its lowest ratings – while Fitch dropped it ...

January 15, 2002 NEW YORK – Standard & Poor's has downgraded 14 Kmart Corp.-related credit lease deals and placed them on CreditWatch with negative implications. The move follows the rating agency's downgrade yesterday of Kmart's credit rating to single-B-minus from ...