Washington Prime Group, LP -- Moody's assigns Baa2 issuer rating to Washington Prime Group, L.P.; outlook stable

New York, April 21, 2014 -- Moody's Investors Service has assigned a Baa2 issuer rating to Washington Prime Group, L.P, a wholly-owned subsidiary of Washington Prime Group, Inc. (WPG). The rating outlook is stable. This is the first time Moody's has assigned a rating to WPG, a newly formed retail REIT that will soon be spun off from Simon Property Group, the largest retail real estate company in the world. Moody's rating contemplates WPG's initial portfolio will consist of strip centers (~30% of NOI) and smaller enclosed malls (~70% of NOI) that have a national presence.

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