Fitch Affirms Kimco's IDR At 'BBB+'; Outlook Stable

(RTTNews) - Fitch Ratings said Thursday that it has affirmed the credit ratings of Kimco Realty Corp. (KIM), including its Issuer Default Rating at 'BBB+'.

The Rating Outlook is Stable.

Fitch said the ratings reflect Kimco's solid track record owning a large and diversified pool of community and neighborhood shopping centers, its experienced leasing and management team and its high-quality, diversified tenant mix with a well-laddered lease expiration schedule.

The ratings also factor in the company's track record of accessing a wide variety of capital sources and the long-term effects of the in-progress portfolio simplification strategy, the rating agency said.