Retail Properties of America, Inc. (NYSE: RPAI or the “Company”) announced today that Moody’s Investors Service assigned a (P)Baa3 rating with a stable outlook to the Company’s senior unsecured shelf registration. Moody’s indicated in their announcement that the (P)Baa3 rating reflects RPAI’s conservative capital structure and strong credit metrics including solid fixed charge coverage and low overall leverage. “We are pleased to have reached this strategic milestone and appreciate the acknowledgement of our deleveraging progress, conservative capital structure and strong asset quality,” stated Angela Aman, executive vice president, chief financial officer and treasurer. “The steps we have taken over the last two years have significantly expanded our access to multiple forms of capital and we look forward to further progress on our balance sheet migration as we move through the year.” Moody’s Investors Service has assigned a (P)Baa3 rating to the senior unsecured shelf of Retail Properties of America, Inc., under which the Company may issue senior unsecured public debt in the future. More information regarding RPAI’s rating assignment can be found on Moody’s website at www.moodys.com. About RPAI Retail Properties of America, Inc. is a fully integrated, self-administered and self-managed real estate investment trust that owns and operates high quality, strategically located shopping centers across 34 states. The Company is one of the largest owners and operators of shopping centers in the United States. The Company is publicly traded on the New York Stock Exchange under the ticker symbol RPAI. Additional information about the Company is available at www.rpai.com.
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