Fitch Upgrades DDR's IDR to BBB-

Fitch Ratings has upgraded the credit ratings of DDR Corp. The rating outlook has been revised to stable from positive. The upgrade of the IDR to 'BBB-' reflects that pro forma for the $1.46 billion acquisition of a portfolio of power centers from DDR's joint venture with Blackstone Real Estate Partners VII, recurring cash flow will remain in excess of fixed-charges at a level consistent with an investment-grade rating.

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