Fitch: Simon's Ratings Unaffected by Proposal to Acquire Mills.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Fitch notes that the ratings of Simon Property Group Simon Property Group, Inc. (NYSE: SPG), also known as SIMON, an S&P 500 company headquartered in Indianapolis, Indiana, is the largest developer of shopping malls in the United States. Simon Property Group, Inc. , Inc. and Simon Property Group, L.P. (Simon) are unaffected by the proposal submitted by Simon and Farallon Capital Management LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control to acquire Mills Corporation for $1.56 billion plus assumed debt. While the proposed transaction would likely increase Simon's pro rata leverage, Fitch believes that Simon will remain adequately capitalized for its current rating levels. Fitch also notes that Simon has a track record of integrating sizable acquisitions and Fitch is comfortable that the transaction would generate strategic benefits for the company by further defining it as a dominant retail landlord. Fitch's rating definitions and the terms of use Terms of Use are rules set up by the owner of an intellectual property or service to govern how they may be legally used. In many cases, terms of service are used as a contractual agreement between a company and users of a service they provide. of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental are also available from the 'Code of Conduct' section of this site. |
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