Fitch Affirms Developers Diversified's IDR at 'BB'; Outlook Stable

NEW YORK, NY---08 December 2010: Fitch Ratings has affirmed the credit ratings of Developers Diversified Realty Corporation (NYSE: DDR) as follows:

--Issuer Default Rating (IDR) at 'BB';

--$1 billion unsecured revolving credit facilities at 'BB';

--$1.5 billion unsecured medium term notes at 'BB';

--$625.3 million unsecured convertible notes at 'BB';

--$555 million preferred stock at 'B+'.

The Rating Outlook is Stable.
For a complete copy of the news release, please contact:

Sandro Scenga
Senior Director
Corporate Communications
Fitch Ratings/ Fitch Solutions
+1-212-908-0278
sandro.scenga@fitchratings.com
sandro.s.scenga@fitchsolutions.com