Fitch Assigns Initial 'BBB+' IDR to Kimco Realty Corporation; Outlook Stable

NEW YORK, NY, Aug. 11, 2010--Fitch Ratings has assigned initial credit ratings to Kimco Realty Corporation (Kimco) as follows:

--Issuer Default Rating (IDR) 'BBB+';
--Senior unsecured notes 'BBB+';
--Unsecured revolving credit facilities 'BBB+';
--Preferred stock 'BBB-'.

The Rating Outlook is Stable.

For a complete copy of the news release, please contact Contact: Linda Hammel +1-212-908-0303 or Steven Marks +1-212-908-9161, New York.

Media Relations: Sandro Scenga, New York, Tel: +1 212-908-0278, Email: sandro.scenga@fitchratings.com.