New York, September 23, 2014 -- Moody's Investors Service (Moody's) was informed that Londonderry Shopping Centre Inc., the borrower of the Londonderry Mall mortgage loan, has requested a Rating Agency Condition for a major redevelopment of the property. The redevelopment will be phased over a 36-month period and will include relocation and expansion of the food court, remerchandising portions of the center, a full renovation of common areas and exterior elevation treatments and other capital improvements. The consent for the proposed redevelopment plan will become effective upon satisfaction of the conditions precedent set forth in the governing documents.

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