Fitch assigns Simon notes A

Fitch Ratings said it assigned A credit ratings to the $900 million aggregate principal amount 3.375% coupon senior unsecured notes due 2024 and $400 million aggregate principal amount 4.25% coupon senior unsecured notes due 2044 issued by Simon Property Group, LP, the operating partnership of Simon Property Group, Inc.

Simon intends to use the net proceeds primarily to fund the redemption of a series of outstanding notes of a subsidiary and the purchase of any and all of five series of outstanding notes that are validly tendered upon the terms and subject to the conditions in an offer to purchase dated Sept. 3 and for general corporate purposes.

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