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Standard & Poor's--Standard & Poor's Ratings Services today raised its corporate credit rating on JDN Realty Corp. Fitch Ratings has upgraded the $160 million of senior unsecured notes issued by JDN Realty Corporation due 2004 through 2007 to 'BBB-' from 'BB', and has upgraded approximately $50 million of outstanding preferred stock to 'BB+' from 'B+'. The affirmation follows the recent announcement that DDR intends to acquire double-'B'-minus rated JDN Realty Corp. |
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