January 15, 2002By Orest Mandzy, Commercial Real Estate Direct Managing EditorDillard's Inc. – a Little Rock, Ark., retailer that saw sales fall over the all-important holiday period and is looking at a possible corporate credit downgrade – has a presence ...
January 15, 2002 NEW YORK – Fitch expects to withdraw its triple-B-minus rating for the bank acquisition and revolving credit facilities of Rodamco North America.The ratings will be withdrawn upon closing of Rodamco's $5.3 million purchase by Westfield America Trust, ...
January 14, 2002 NEW YORK – Moody's Investors Service late last week downgraded the debt ratings of Kmart Corp. because of what it said was the retailer's "continued weak operating performance and a widening competitive gap against its peers."The rating ...
January 14, 2002 NEW YORK – Moody's Investors Service has downgraded six lease-backed notes involving Kmart leases or lease guarantees. The notes have also been placed on review for further possible downgrades.The move comes on the heels of the rating ...
January 9, 2002 CHICAGO – Fitch has lowered its rating on Hilton Hotel Corp.'s (NYSE:HLT) senior unsecured notes, senior subordinated notes, and commercial paper due to the slowing economy and the Sept. 11 attacks. The senior unsecured notes were lowered ...
January 7, 2002 NEW YORK – Fitch has downgraded Kmart Funding Corp.'s secured lease bonds as a result of its recent downgrade of the retailer's corporate credit rating. The rating agency downgraded the deal's $96.6 million series F and $20.9 ...
December 19, 2001NEW YORK – Fitch has placed its ratings on the senior unsecured notes of Security Capital Group (NYSE:SCZ) Storage USA (NYSE:SUS) on rating watch, positive. The action is a result of GE Capital Corp.'s proposed purchase of Security ...
December 6, 2001 NEW YORK – Standard & Poor's has added Prudential Asset Resources to its list of commercial mortgage master servicers.In order for a firm to make it onto S&P's select servicer list, it must have a ranking of ...
November 21, 2001 NEW YORK – Fitch has upgraded Cigna Investments Inc.'s special servicer rating to CSS2-plus from CSS2.The rating upgrade is based in part on Cigna Investment's extensive experience working out and liquidating assets from its portfolio, with particular ...
November 15, 2001 NEW YORK – Standard & Poor's has placed on credit watch negative its triple-B corporate credit rating on Storage USA and its triple-B rating on SUSA Partnership LP's $600 million in senior notes.The credit watch with negative ...
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