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Fitch rates Kimco notes BBB+
Fitch Ratings said it assigned a BBB+ rating to Kimco Realty Corp.'s $300 million series E medium-term notes due 2018. The notes have a coupon of 4.3% and were priced to yield 4.356%.
The outlook is stable.
The agency said the proceeds from the offering are expected to be used to repay near-term bond maturities, including the $100 million 5.304% medium-term notes due February 2011 and the $150 million 7.95% notes due April 2011, and for general corporate purposes.
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