Moody's affirms the ratings of First Capital Realty with a stable outlook
Rating Action: Moody's affirms the ratings of First Capital Realty with a stable outlook. Global Credit Research- 26 Jun 2017. Approximately CAD $2.4 billion of rated securities affected.First Capital Realty is engaged in the business of acquiring, developing, redeveloping, owning and operating neighbourhood and community shopping centers located predominantly in metropolitan areas in Canada. Co.'s property operations are focused in Canada. As of Dec 31 2010, Co. had interests in 179 properties, including 3 under development, totalling approx. 22.3 million sq. ft. of gross leasable area and 8 land sites in the planning stage for retail development.
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