S&P affirms Kimco Realty

S&P said it affirmed its BBB+ issuer credit rating on Kimco Realty Corp. The outlook is stable.

At the same time, S&P affirmed the BBB+ issue-level rating on the company's senior unsecured notes and the BBB- rating on its preferred stock.

“The affirmation follows our improved assessment of Kimco's liquidity profile (to strong from adequate) as we anticipate the company will generate greater cash flow in upcoming years as its redevelopment projects come online,” S&P said in a news release.

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