S&P rates Simon notes A-

Standard & Poor's said it assigned its A- unsecured debt rating to the $600 million 2.15% senior notes due 2017, $600 million 3.375% senior notes due 2022, and $550 million 4.75% senior notes due 2042 issued by Simon Property Group LP.

The agency said it expects Simon to use the proceeds from this $1.75 billion debt offering along with an equity offering that raised another $1.16 billion to fund recently announced acquisitions.

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