Moody's Investors Service Upgrades First Capital Realty's Senior Unsecured Rating To Baa2

TORONTO, Nov. 20, 2012 /CNW/ - First Capital Realty Inc. ("First Capital Realty" or the "Company") (TSX: FCR) Canada's leading owner, developer and operator of supermarket and drugstore anchored neighbourhood and community shopping centres, located predominantly in growing urban markets, announced today that Moody's Investors Service has upgraded the senior unsecured debenture rating of First Capital Realty to Baa2 (from Baa3) and revised the rating outlook to stable, from positive. This action follows the Moody's Investors Service December 8, 2011 outlook change to positive on the Company's senior unsecured debenture rating.

Click here to view the press release issued by Moody's Investors Service.

ABOUT FIRST CAPITAL REALTY (TSX: FCR)

First Capital Realty is Canada's leading owner, developer and operator of supermarket and drugstore anchored neighbourhood and community shopping centres, located predominantly in growing urban markets. The Company currently owns interests in 174 properties, including six under ground-up development, totalling approximately 24.4 million square feet of gross leasable area and four sites in the planning stage for future retail development.

SOURCE: First Capital Realty Inc.

Dori J. Segal, President & CEO, or
Karen H. Weaver, Executive Vice President & CFO
First Capital Realty Inc.
85 Hanna Avenue, Suite 400
Toronto, Ontario, Canada M6K 3S3
Tel: [phone]
www.firstcapitalrealty.ca
TSX : FCR