General Growth Properties, Inc. http://www.alacrastore.com/company-snapshot/General_Growth_Properties_Inc-1006927 Tuesday, October 14, 2008 1:52:35 AM 1006927 General Growth Properties, Inc. en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/spcred/675262spcred/675262normThe latest News from S&Pglobalstructured10/6/2008 3:27:00 PM100News675262United StatesRetail REIT'sUnited StatesGlobal IssuersStructured FinanceCorporationsReal Estate CompaniesNewsNEW YORK (Standard&Poor's) Oct. 6, 2008--Standard&Poor's Ratings Services today lowered its corporate credit rating on General Growth Properties Inc. to 'B+' from 'BB'. At the same time, we lowered our rating on the company's unsecured debt to 'B' from 'BB-', affecting roughly $5 billion of securities. The recovery rating assigned to the company's unsecured debt remains unchanged at '5'. All of our General Growth-related ratings remain on CreditWatch with negative implications (see list). General Growth has roughly $1.2 billion of debt that comes due through the end of 2008, and the company lacks a clearly articulated plan to address these debt maturities. In light of the recent departure of the company's chief financial officer and volatilityUSA37002137001977928F40402060 404020 4040 40General Growth Properties, Inc.323853USAGGPNEWSUSA77927377928277927R40402060 404020 4040 40Rouse Co. (The)110434USARSEGLOBISSSTRUCCORPRECCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PR_164217_651870moodys/PR_164217_651870htmlGlobal Credit Research Rating Action # OCT #### Rating Action: Rouse Company (The) Moody's lowers General Growth, Rouse to Ba#; ratings are under review for downgrade Approximately $#.# billion in securities effected New York, October...10/4/2008 12:41:25 AMhtmlRouse Company (The)GGP Limited PartnershipGeneral Growth Properties, Inc.General Growth Properties, Inc.; GGP Limited Partnership; Rouse Company (The)651870600038230600015751150.0000NewsRating ActionPR_164217_651870Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/newstex/BW-0001-28520761newstex/BW-0001-28520761xml Oct. #, #### (Business Wire) -- General Growth Properties, Inc. (NYSE:GGP) today announced the appointment of Edmund Hoyt as the Companya€™s Chief Financial Officer on an interim basis. Mr. Hoyt succeeds Bernard Freibaum, who is no...090000000901500004000000040040000400400304016000040160010401600810/3/2008 2:19:40 AM1800000018007000Business WireBW-0001-28520761GENERAL GROWTH PROPERTIES INCBERNARD FREIBAUMEDMUND J HOYTGGPNewsNewstexhttp://www.alacrastore.com/storecontent/bir/50001bir/50001normGeneral Growth Properties Inc.Mayfair Properties Inc.General Growth Management Inc.JP Realty IncPrice Development Co.Rouse Co.United StatesFinance: Real estate investment trust.6798651252593053112017GMGGP9/30/2008 6:14:00 AM50001Company Profiles & FinancialsGale Company Profileshttp://www.alacrastore.com/storecontent/spcred/673763spcred/673763normThe latest News from S&Pglobalstructured9/26/2008 6:26:00 PM100News673763United StatesRetail REIT'sUnited StatesGlobal IssuersStructured FinanceCorporationsReal Estate CompaniesNewsNEW YORK (Standard&Poor's) Sept. 26, 2008--Standard&Poor's Ratings Services today lowered its corporate credit rating on General Growth Properties Inc. (General Growth) to 'BB' from 'BB+' and placed it on CreditWatch with negative implications. At the same time, we placed our 'BB-' ratings on roughly $5 billion of the company's unsecured debt on CreditWatch with negative implications. Finally, we assigned a recovery rating of '5' to the company's unsecured debt, indicating that lenders can expect a modest recovery (10%-30%) in the event of a payment default (see list). The rating actions were largely driven by our concern surrounding General Growth's significant near-term debt maturities in the context of the currently severely constrained capital markets. The operating performanceUSA37002137001977928F40402060 404020 4040 40General Growth Properties, Inc.323853USAGGPNEWSUSA77927377927R77928240402060 404020 4040 40Rouse Co. (The)110434USARSEGLOBISSSTRUCCORPRECCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/fitch/395688_report_framefitch/395688_report_framepdfFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Aimco Properties L. P.AMB Property CorporationAMB Property, L.P.Apartment Investment & Management CoBoston Properties Limited PartnershipBoston Properties, Inc.Brandywine Operating Partnership, L.P.Brandywine Realty TrustBRE Properties, Inc.Brookfield Asset Management Inc.Camden Property TrustCamden Summit Partnership LPCentro NP LLCColonial Properties TrustColonial Realty Limited PartnershipDevelopers Diversified Realty CorporationDuke Realty CorporationDuke Realty Limited PartnershipEastGroup PropertiesEquity Residential Properties TrustERP Operating Limited PartnershipFirst Industrial Realty Trust, Inc.First Industrial, L.P.General Growth Properties, Inc.GGP Limited PartnershipHCP, Inc.Health Care REIT, Inc.Healthcare Realty Trust Inc.Highwoods Properties, Inc.Highwoods Realty Limited PartnershipHome Properties Inc.iStar Financial Inc.Liberty Property Limited PartnershipLiberty Property TrustMack-Cali Realty CorporationMack-Cali Realty, L.P.National Retail Properties, Inc.Nationwide Health Properties, Inc.Pennsylvania Real Estate Investment TrustPrice Development Company Limited PartnershipProLogisPS Business Parks LPPS Business Parks, Inc.Public Storage, Inc.Realty Income CorporationReckson Operating Partnership, L.P.Regency Centers CorporationRegency Centers, L.P.Shurgard Storage Centers, Inc.Simon Property Group, Inc.Simon Property Group, L.P.Sovran Acquisition Limited PartnershipSovran Self Storage, Inc.The Rouse Company LPThornburg Mortgage Inc.Urstadt Biddle PropertiesVentas, Inc.Vornado Realty Trust8008926880089347800893838008944480089493800895098008990580089924800900778009007880090153800903008009042680090511800905228009052380090602800906038009180880091809800918108009181180091814800918158009181680091822800918248009182580091827800918288009183180091832800918348009183580091836800920858009211280357590804106208041176880681518808144028082065180908478809928778122348781649915819035478193952281943719819457458195151981952579819535198195493981962540819705218215015483497866848194718/5/2008 2:19:00 PM01000000010102100102000001040000275NewsletterAIVAMBBAM.ABDNBREBXPCLICLPCPTDDRDREEGPEQRFRGGPHCNHCPHIWHMEHRLRYNHPNNNOPEIPLDPSAPSBREGSFISPGSSSTMAUBAVNOVTR395688_report_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/ccbn/T1897129ccbn/T1897129norm...Good day, everyone, and welcome to today's General Growth Properties second quarter earnings conference call. Today's call is being recorded. ... 7/31/2008 2:06:00 PMGeneral Growth Properties Inc54.0000FinalGeneral Growth Properties Inc Q2 2008 Earnings Conference Call TranscriptGGP9:00am ETTranscriptT1897129Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/ccbn/B1897129ccbn/B1897129norm...Tens of billions of dollars of construction loans, acquisition loans and mortgages have been repaid in full and on time. ... 7/31/2008 1:06:00 PMGeneral Growth Properties Inc54.0000EditedGeneral Growth Properties Inc Q2 2008 Earnings Conference Call SummaryGGP9:00am ETBriefB1897129Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/newstex/BW-0001-27043242newstex/BW-0001-27043242xml Jul. ##, #### (Business Wire) -- General Growth Properties, Inc. (NYSE: GGP) (the Company) reported today its operating results for the second quarter ####. Core Funds From Operations (Core FFO) per fully diluted share were $#.## for...0400000004017000110000001100800004004000040040030401600004016048040160180401600104016013040160050401600304007000040070057/30/2008 5:21:37 PM18000000180040001800800018015000180160001802200018023000Business WireBW-0001-27043242GENERAL GROWTH PROPERTIES INCGGPNewsNewstexhttp://www.alacrastore.com/storecontent/fitch/384762_report_framefitch/384762_report_framepdfFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.AMB Property CorporationApartment Investment & Management CoBoston Properties, Inc.BRE Properties, Inc.Camden Property TrustCentro NP LLCColonial Properties TrustDevelopers Diversified Realty CorporationDuke Realty CorporationEastGroup PropertiesEquity Residential Properties TrustGeneral Growth Properties, Inc.HCP, Inc.Health Care REIT, Inc.Healthcare Realty Trust Inc.Highwoods Properties, Inc.Home Properties Inc.Host Hotels & Resorts IncIrvine Apartment Communities, LPiStar Financial Inc.Liberty Property TrustMack-Cali Realty CorporationNational Retail Properties, Inc.Pennsylvania Real Estate Investment TrustProLogisPS Business Parks, Inc.Public Storage, Inc.Realty Income CorporationReckson Operating Partnership, L.P.Regency Centers CorporationSimon Property Group, Inc.Sovran Self Storage, Inc.Thornburg Mortgage Inc.Urstadt Biddle PropertiesVentas, Inc.10100006928008944480089445800894938008990580089924800900788009042680090603800918088009181080091811800918148009181580091816800918228009182580091827800918288009183480091836800921128041062080681518808144028082065180908478812234878164991581945745819515198195257981954939819625408197052183497866839180665/1/2008 2:18:00 PM01000000010102100103000001032100275NewsletterAIVAMBBREBXPCLICLPCPTDDRDREEGPEQRGGPHCNHCPHIWHMEHRHSTLRYNNNOPEIPLDPSAPSBREGSFISPGSSSTMAUBAVTR384762_report_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/ccbn/B1821427ccbn/B1821427norm...#Q## was highlighted by comparable NOI gain in consolidated properties of #.#%, while unconsolidated properties increased by #.#%. ... 4/30/2008 1:05:00 PMGeneral Growth Properties Inc54.0000EditedQ1 2008 General Growth Properties Inc Earnings Conference Call SummaryGGP9:00am ETBriefB1821427Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/ccbn/T1821427ccbn/T1821427norm...Good day, everyone, and welcome to today's General Growth Properties first-quarter conference call. As a reminder, today's call is being recorded. With us today are John Bucksbaum, Chairman and CEO; Bob Michaels, President and COO; and Bernie Freibaum, CFO. At this time for opening remarks, I would like to turn the call over to Mr. Tim Goebel, Director of Investor Relations. Please go ahead, sir. ... 4/30/2008 11:05:00 AMGeneral Growth Properties Inc54.0000FinalQ1 2008 General Growth Properties Inc Earnings Conference Call TranscriptGGP9:00am ETTranscriptT1821427Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/fitch/381080_report_framefitch/381080_report_framepdfFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Apartment Investment & Management CoGeneral Growth Properties, Inc.HCP, Inc.Simon Property Group, Inc.800918108009181680092112804106204/2/2008 10:14:32 AM01010210275Special ReportAIVGGPHCPSPG381080_report_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/spcred/636270spcred/636270normThe latest News from S&P3/18/2008 3:33:27 PMNews100globalstructured636270United StatesRetail REIT'sUnited StatesGlobal IssuersStructured FinanceCorporationsReal Estate CompaniesNewsNEW YORK (Standard&Poor's) March 18, 2008--Standard&Poor's Ratings Services today lowered its corporate credit rating on General Growth Properties Inc. (General Growth) to 'BB+' from 'BBB-'. At the same time, we lowered our ratings on roughly $5 billion of the company's unsecured debt to 'BB-' from 'BB+', in accordance with our current notching policies, which consider the effect of elevated secured debt levels within a REIT's capital structure. The outlook remains negative. "The downgrades reflect General Growth's weakened financial profile, given the company's lower-than-anticipated total debt and dividend coverage metrics as well as fairly significant refinancing and development funding needs over the next few years," said Standard&Poor's credit analyst Linda Phelps. "However, the operating performanceUSA37002137001977928F40402060 404020 4040 40General Growth Properties, Inc.323853USAGGPNEWSGLOBISSSTRUCCORPRECCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/636271spcred/636271normThe latest Research Update from S&P3/18/2008 3:33:27 PMResearch Update175globalstructured636271United StatesRetail REIT'sUnited StatesGlobal IssuersStructured FinanceCorporationsReal Estate CompaniesResearch UpdateOn March 18, 2008, Standard&Poor's Ratings Services lowered its corporate credit rating on General Growth Properties Inc. (General Growth) to 'BB+' from 'BBB-'. At the same time, we lowered our ratings on roughly $5 billion of the company's unsecured debt to 'BB-' from 'BB+', in accordance with our current notching policies, which consider the effect of elevated secured debt levels within a REIT's capital structure. The outlook remains negative (see list). The downgrades reflect General Growth's weakened financial profile, given the company's lower-than-anticipated total debt and dividend coverage metrics as well as fairly significant refinancing and development funding needs over the next few years. However, the operating performance of the company's core retail business remains solid, supported byUSA37002137001977928F40402060 404020 4040 40General Growth Properties, Inc.323853USAGGPRESUPDUSA77927377927R77928240402060 404020 4040 40Rouse Co. (The)110434USARSEGLOBISSSTRUCCORPRECCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/ccbn/B1750064ccbn/B1750064normQ# #### General Growth Properties Inc Earnings Conference Call2/12/2008 3:06:00 PMGeneral Growth Properties Inc54.0000EditedQ4 2007 General Growth Properties Inc Earnings Conference Call SummaryGGP9:00am ETBriefB1750064Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/ccbn/T1750064ccbn/T1750064normQ# #### General Growth Properties Inc Earnings Conference Call2/12/2008 1:07:00 PMGeneral Growth Properties Inc54.0000FinalQ4 2007 General Growth Properties Inc Earnings Conference Call TranscriptGGP9:00am ETTranscriptT1750064Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/fitch/370168_report_framefitch/370168_report_framepdfFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.General Growth Properties, Inc.Price Development Company Limited PartnershipThe Rouse Company LP8008950980092112819035471/30/2008 2:18:00 PM01010210385Full Rating ReportGGP370168_report_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/moodys/COP_600015751moodys/COP_600015751htmlGlobal Credit Research Credit Opinion ## OCT #### Credit Opinion: General Growth Properties, Inc. General Growth Properties, Inc. Chicago, Illinois, United States Ratings Category Moody's Rating Outlook Rating(s) Under Review Bkd Sr...1/4/2008 2:20:00 AMhtmlGeneral Growth Properties, Inc.General Growth Properties, Inc.600015751150.0000NewsCredit OpinionCOP_600015751Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/spcred/621975spcred/621975normThe latest News from S&P12/20/2007 6:40:03 PMNews100globalstructured621975United StatesRetail REIT'sUnited StatesGlobal IssuersStructured FinanceCorporationsReal Estate CompaniesNewsNEW YORK (Standard&Poor's) Dec. 20, 2007--Standard&Poor's Ratings Services revised it outlook on General Growth Properties Inc. to negative from stable. At the same time, we affirmed our 'BBB-' corporate credit rating on General Growth and all other General Growth-related ratings, affecting roughly $5.06 billion in senior unsecured notes and loans. "The outlook revision and ratings acknowledge General Growth's very weak year-to-date coverage metrics precipitated by an increasingly aggressive and highly leveraged financial profile, which has become more vulnerable under currently difficult capital market conditions," said credit analyst Linda Phelps. "However, the operating performance of the company's core retail business remains solid, supported by a high quality, well diversified portfolio and strong market position as one ofUSA37002137001977928F40402060 404020 4040 40General Growth Properties, Inc.323853USAGGPNEWSGLOBISSSTRUCCORPRECCredit & Investment ResearchS&P Credit Research