1031 EXCHANGE TENANT CREDIT RATINGS
TENANT
|
Stock
Symbol
|
Standard
& Poors
|
Probability
of
Default
(5 years) |
Moodys
|
Probability
of
Default
(5 years)
|
7-Eleven
|
SE
|
A
|
0.60%
|
Baa3
|
4.00% |
A&P
|
GAP
|
-
|
-
|
Caa1
|
Not institutional |
Abercrombie & Fitch
|
ANF
|
-
|
-
|
NR
|
- |
Advance Auto
|
AAP
|
BB+
|
7.00%
|
Ba1
|
7.00% |
Aeropostale
|
ARO
|
-
|
-
|
NR
|
- |
American Eagle
|
AEO
|
-
|
-
|
NR
|
- |
Ann Taylor
|
ANN
|
BB-
|
19.00%
|
B1
|
7.00% |
Apple Inc.
|
AAPL
|
-
|
-
|
Ba2
|
9.00% |
AT&T
|
T
|
A
|
0.60%
|
A2
|
0.60% |
AutoZone
|
AZO
|
BBB
|
2.00%
|
Baa2
|
2.00% |
Bank of America
|
BAC
|
AA
|
0.20%
|
Aa2
|
0.20% |
Barnes & Noble
|
BKS
|
-
|
-
|
Ba3
|
19.00% |
Bebe
|
BEBE
|
-
|
-
|
NR
|
- |
Bed, Bath & Beyond
|
BBBY
|
BBB
|
2.00%
|
NR
|
- |
Benetton
|
BNGPY.PK
|
-
|
-
|
NR
|
- |
Best Buy
|
BBY
|
BBB
|
2.00%
|
Baa2
|
2.00% |
Big Lots Inc.
|
BIG
|
BBB
|
2.00%
|
NR
|
- |
BJs Wholesale Club
|
BJ
|
-
|
-
|
NR
|
- |
Blockbuster Entertainment
|
BBI
|
B-
|
43.00%
|
Caa2
|
Not institutional |
Books-A-Million
|
BAMM
|
-
|
-
|
NR
|
- |
Borders Books
|
BGP
|
-
|
-
|
NR
|
- |
Brinker Intemational
|
EAT
|
BBB-
|
4.00%
|
Baa3
|
4.00% |
Buckle
|
BKE
|
-
|
-
|
NR
|
- |
Build-A-Bear Workshop
|
BBW
|
-
|
-
|
NR
|
- |
Burger King Corp.
|
BKC
|
BB-
|
19.00%
|
Ba3
|
19.00% |
Cache
|
CACH
|
-
|
-
|
NR
|
- |
California Pizza Kitchen
|
CPKI
|
-
|
-
|
NR
|
- |
Casual Male
|
CMRG
|
-
|
-
|
Caa3
|
- |
Cato
|
CTR
|
-
|
-
|
NR
|
- |
CBRL Group
|
CBRL
|
BB-
|
19.00%
|
B1
|
25.00% |
Charlotte Russe
|
CHIC
|
-
|
-
|
NR
|
- |
Charming Shoppes
|
CHRS
|
B
|
31.00%
|
B3
|
43.00% |
Chevron Corp
|
CVX
|
AA
|
0.20%
|
Aa1
|
0.15% |
Chico's
|
CHS
|
-
|
-
|
NR
|
- |
Children's Place
|
PLCE
|
-
|
-
|
NR
|
- |
Circuit City
|
CC
|
-
|
-
|
NR
|
- |
Citibank
|
C
|
AA
|
0.20%
|
Aa1
|
0.15% |
CKE Restaurants
|
CKR
|
BB-
|
19.00%
|
B1
|
25.00% |
Coach
|
COH
|
-
|
-
|
NR
|
- |
Coldwater Creek
|
CWTR
|
-
|
-
|
NR
|
- |
Cost Plus
|
CPWM
|
-
|
-
|
NR
|
- |
Costco
|
COST
|
A
|
0.60%
|
A2
|
0.60% |
CVS
|
CVS
|
BBB+
|
1.50%
|
Baa2
|
2.00% |
Darden Restaurants
|
DRI
|
BBB
|
2.00%
|
Baa3
|
4.00% |
Delhaize Group
|
DEG
|
BBB-
|
4.00%
|
Baa3
|
4.00% |
Dennis Corp.
|
DENN
|
-
|
-
|
B3
|
43.00% |
Dillard's Inc.
|
DDS
|
BB-
|
19.00%
|
B2
|
31.00% |
DineEquity, Inc. (*)
|
DIN
|
-
|
-
|
NR
|
- |
Dress Barn
|
DBRN
|
-
|
-
|
NR
|
- |
DSW
|
DSW
|
-
|
|
NR
|
- |
Eddie Bauer
|
EBHI
|
B-
|
43.00%
|
Caa1
|
Not institutional |
Einstein Noah
|
BAGL
|
-
|
-
|
Ba3
|
19.00% |
Exxon Mobil
|
XOM
|
AAA
|
0.15%
|
Aaa
|
0.15% |
Family Dollar
|
FDO
|
-
|
-
|
NR
|
- |
Finish Line
|
FINL
|
-
|
-
|
NR
|
- |
Foot Locker
|
FL
|
BB
|
9.00%
|
B1
|
25.00% |
Fred's
|
FRED
|
-
|
-
|
NR
|
- |
Frisch's Restaurants
|
FRS
|
-
|
-
|
NR
|
- |
Gap, Inc.
|
GPS
|
BB+
|
7.00%
|
Ba1
|
7.00% |
Gottschalks
|
GOT
|
-
|
-
|
NR
|
- |
Guess
|
GES
|
-
|
-
|
B2
|
31.00% |
Gymboree
|
GYMB
|
-
|
-
|
NR
|
- |
Hibbett Sports
|
HIBB
|
-
|
-
|
NR
|
- |
Home Depot
|
HD
|
BBB+
|
1.50%
|
Baa1
|
1.50% |
Hot Topic
|
HOTT
|
-
|
-
|
NR
|
- |
Ingles
|
IMKTA
|
BB-
|
19.00%
|
B1
|
25.00% |
J.Crew
|
JCG
|
BB-
|
19.00%
|
Caa1
|
Not institutional |
J.P. Morgan Chase & Co.
|
JPM
|
A
|
0.60%
|
Aa2
|
0.20% |
Jack in The Box
|
JBX
|
BB-
|
19.00%
|
B1
|
25.00% |
JC Penney
|
JCP
|
BBB-
|
4.00%
|
Baa3
|
4.00% |
Jos A. Bank
|
JOSB
|
-
|
-
|
NR
|
- |
Kenneth Cole
|
KCP
|
-
|
-
|
NR
|
- |
Kohl's Corp.
|
KSS
|
BBB+
|
1.50%
|
Baa1
|
1.50% |
KoninkIijke AhoId N.V.
|
AHONY.PK
|
BBB-
|
4.00%
|
Baa3
|
4.00% |
Kroger
|
KR
|
BBB-
|
4.00%
|
Baa2
|
2.00% |
Landry's Restaurants
|
LNY
|
-
|
-
|
B3
|
43.00% |
Limited
|
LTD
|
BBB-
|
4.00%
|
Baa3
|
2.00% |
Liz Claibome
|
LIZ
|
-
|
-
|
Baa3
|
4.00% |
Longs Drugs
|
LDG
|
-
|
-
|
NR
|
- |
Lowe's
|
LOW
|
A+
|
0.40%
|
A1
|
0.40% |
Luxxotica
|
LUX
|
-
|
-
|
NR
|
- |
Macy's Inc.
|
M
|
-
|
-
|
Baa3
|
4.00% |
Max & Erma's
|
MAXE
|
-
|
-
|
NR
|
- |
McCormick & Schmick's
|
MSSR
|
-
|
-
|
NR
|
- |
McDonalds Corp.
|
MCD
|
A
|
0.60%
|
A3
|
0.60% |
Men's Wearhouse
|
MW
|
-
|
-
|
NR
|
- |
Morton's Restaurant Group
|
MRT
|
-
|
-
|
B3
|
43.00% |
Mothers Work Inc
|
MWRK
|
B-
|
43.00%
|
B3
|
43.00% |
NewYork& Co.
|
NWY
|
-
|
-
|
NR
|
- |
Nordstrom
|
JWN
|
A-
|
.60%
|
Baa1
|
1.50% |
Office Depot
|
ODP
|
BB+
|
7.00%
|
Ba2
|
9.00% |
Office Max
|
OMX
|
BB-
|
19.00%
|
Ba2
|
9.00% |
Pacific Sunwear
|
PSUN
|
-
|
-
|
NR
|
- |
Payless Shoe Source
|
PSS
|
-
|
-
|
B2
|
31.00% |
Pep Boys
|
PBY
|
B-
|
43.00%
|
B3
|
43.00% |
Petsmart
|
PETM
|
BB
|
9.00%
|
Ba3
|
19.00% |
PF chang's China Bistro
|
PFCB
|
-
|
-
|
NR
|
- |
Pier 1 Imports
|
PIR
|
-
|
-
|
Caa2
|
Not institutional |
Polo Ralph Lauren
|
RL
|
BBB+
|
1.50%
|
Baa1
|
2.00% |
Radio Shack
|
RSH
|
-
|
-
|
Ba1
|
7.00% |
Red Robin Gourmet Burgers
|
RRGB
|
-
|
-
|
NR
|
- |
Regal Entertainment Group
|
RGC
|
BB-
|
19.00%
|
B1
|
25.00% |
Regis Corporation
|
RGS
|
-
|
-
|
NR
|
- |
Rite-Aid
|
RAD
|
B
|
31.00%
|
Caa2
|
Not institutional |
Ross Stores
|
ROST
|
BBB
|
2.00%
|
NR
|
- |
Rubio's Restaurants
|
RUBO
|
-
|
-
|
NR
|
- |
Safeway
|
SWY
|
BBB
|
2.00%
|
Baa2
|
2.00% |
Saks Inc.
|
SKS
|
BB-
|
19.00%
|
B2
|
31.00% |
Sears Holdings
|
SHLD
|
BB
|
9.00%
|
Ba1
|
7.00% |
Sherwin-Williams
|
SHW
|
A-
|
0.60%
|
A3
|
0.60% |
Shoe Carnival
|
SCVL
|
-
|
-
|
NR
|
- |
Shoe Pavilion
|
SHOE
|
-
|
-
|
NR
|
- |
Skechers
|
SKX
|
-
|
-
|
NR
|
- |
Staples
|
SPLS
|
BBB
|
2.00%
|
Baa1
|
1.50% |
Starbucks
|
SBUX
|
BBB
|
2.00%
|
Baa1
|
1.50% |
Stein Mart, Inc.
|
SMRT
|
-
|
-
|
NR
|
- |
Steve Madden
|
SHOO
|
-
|
-
|
NR
|
- |
Supervalu
|
SVU
|
BB-
|
19.00%
|
B1
|
7.00% |
Syms
|
SYMS
|
-
|
-
|
NR
|
- |
Talbot's
|
TLB
|
-
|
-
|
NR
|
- |
Target
|
TGT
|
A+
|
0.40%
|
A2
|
0.60% |
The Bon Ton
|
BONT
|
B
|
31.00%
|
Caa1
|
Not institutional |
The Cheesecake Factory
|
CAKE
|
-
|
-
|
NR
|
- |
Tiffany & Co.
|
TIF
|
-
|
-
|
NR
|
- |
TJ. Maxx
|
TJX
|
A
|
0.60%
|
A3
|
0.60% |
Trirc Companies
|
TRY
|
-
|
-
|
A3
|
0.60% |
True Religion
|
TRLG
|
-
|
-
|
NR
|
- |
Urban Ouffitters
|
URBN
|
-
|
-
|
NR
|
- |
US Bancorp
|
USB
|
AA
|
0.20%
|
Aa2
|
0.20% |
Verizon
|
VZ
|
A
|
0.60%
|
A3
|
0.60% |
Wachovia
|
WB
|
AA-
|
0.20%
|
A1
|
0.40% |
Walgreens
|
WAG
|
A+
|
0.40%
|
Aa3
|
0.20% |
Wal-Mart
|
WMT
|
AA
|
0.20%
|
Aa2
|
0.20% |
Weis Markets
|
WMK
|
-
|
-
|
NR
|
- |
Wells Fargo
|
WFC
|
AA+
|
0.15%
|
Aa1
|
0.15% |
Wendy's International
|
WEN
|
-
|
-
|
Ba3
|
19.00% |
West Marine
|
WMAR
|
-
|
-
|
NR
|
- |
Whole Foods
|
WFMI
|
BB
|
9.00%
|
Ba3
|
19.00% |
Williams-Sonoma
|
WSM
|
-
|
-
|
NR
|
- |
Wilson's
|
WLSN
|
-
|
-
|
Caa1
|
Not institutional |
Yum! Brands
|
YUM
|
BBB
|
4.00%
|
Baa3
|
4.00% |
Zale CP
|
ZLC
|
-
|
-
|
Ba2
|
9.00% |
|
|
Changes of Note
|
Albertsons
|
Now shows as SuperValu
|
Bank One
|
Now part of JP Morgan Chase
|
RBC Centura
|
Now part of RY-Royal Bank of Canada
|
Toys R Us
|
Now private company
|
Dollar General
|
Not Public as of July 07
|
PetCo
|
No longer public company
|
Michaels
|
No longer public as of March 2007
|
Washington Mutual
|
Now part of JP Morgan Chase
|
Ihop
|
Part of DineEquity
|
Applebee's
|
Part of DineEquity
|
|
