Fitch Affirms DDR's IDR At 'BBB-'; Outlook Stable

(RTTNews) - Fitch Ratings said Monday that it has affirmed DDR Corp.'s (DDR) Issuer Default Rating at 'BBB-'.

The Rating Outlook is Stable.

Fitch said the affirmation of DDR's IDR at 'BBB-' takes into account credit strengths including DDR's improving asset quality via non-core asset sales and re-development, strong expected fixed-charge coverage for the rating, granular tenant roster with select strong credit tenants and improving financial flexibility, featuring a growing unencumbered pool that will further increase following the repayment of the company's Term Asset-Backed Securities Loan Facilit mortgage loan in July 2014.