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Published on 3/17/2010 in the Prospect News Bank Loan Daily, Prospect News Convertibles Daily, Prospect News High Yield Daily and Prospect News Investment Grade Daily.

S&P rates Developers Diversified notes BB

Standard & Poor's said it assigned a BB rating to Developers Diversified Realty Corp.'s $300 million 7.5% senior unsecured notes due April 2017 with a 3 recovery rating.

Proceeds will be used to repay debt.


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