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Fitch: DDR view positive
Fitch Ratings said it revised the rating outlook on DDR Corp. to positive from stable.
In addition, the agency said it affirmed the company's issuer default rating at BB+, its senior unsecured revolving credit facilities at BB+, its senior unsecured term loans at BB+, its senior unsecured notes at BB+, its senior unsecured convertible notes at BB+ and its preferred stock at BB-.
The agency said the positive outlook reflects Fitch's expectation that DDR's credit profile will improve to a level consistent with a BBB- issuer default rating over the next 12 to 24 months.
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