31, 2008 to 86% at March 31, 2009, and occupancy is expected toweaken further throughout 2009. While the 86% level includes all properties(including those currently in lease-up), a major driver of the occupancy declinehas been weaker tenant retention levels. Whilethe calculations of fixed-charge coverage within the covenant in FR’s creditagreements differs from Fitch’s calculations in terms of the treatment of jointventure income and recurring capital expenditures, Fitch believes that FR’soperating performance will position the company closer to certain financialcovenants, which may weaken the company’s financial flexibility. Fitch expects that same-store net operating income(NOI) declines of 3%-5% in 2009 will pressure operating performance and resultin fixed-charge coverage weakening to a level consistent with a ‘BB-’ IDR. FR’sfixed-charge coverage was 1.0 times (x) in 2008 and 1.1x for the trailing 12months (TTM) ended March 31, 2009. Adjusted fixed-charge coverage, when alsoincluding net income from discontinued operations, was 1.1x in 2008 and 1.2x forthe TTM ended March 31, 2009.

When revising the rating Outlook on First Industrial to Negative from Stable inDecember 2008, Fitch cited First Industrial’s recurring EBITDA fixed-chargecoverage ratio (defined as recurring EBITDA excluding joint venture impairmentsless capital expenditures and straight-line rents divided by interest expense,capitalized interest and preferred dividends) as a major rating factor. The rating action revolves around the view that First Industrial’s earningspower has continued to weaken and will remain at weaker levels for threereasons: first, the recession has had a negative impact on tenant retention andoccupancy in the company’s consolidated industrial property portfolio; secondly,earnings from the company’s joint venture (JV) portfolio has been diminished bycertain non-cash impairments; and third, the strength of company’s asset saleplatform has subsided as capitalization rate uncertainties linger and as thecredit markets for potential buyers of industrial properties remain dislocated.These factors have placed pressure on the company’s ability to certain covenantsin its credit agreements. –IDR to ‘BB-’ from ‘BBB-’; –$500 million unsecured revolving credit facility to ‘BB-’ from ‘BBB-’; –$1.3 billion senior unsecured notes to ‘BB-’ from ‘BBB-’; –$200 million senior unsecured exchangeable notes to ‘BB-’ from ‘BBB-’ The Rating Outlook is Negative. (NYSE:FR) and its operating partnership, First Industrial,L.P. (collectively, First Industrial): First Industrial Realty Trust, Inc. –Issuer Default Rating (IDR) to ‘BB-’ from ‘BBB-’; –$275 million preferred stock to ‘B’ from ‘BB+’ First Industrial, L.P. NEW YORK–(Business Wire)–Fitch Ratings has downgraded the following credit ratings of First IndustrialRealty Trust, Inc.

Representatives of CSA and Nationwide could not immediatelybe reached for comment on the lawsuits, filed in courts inBuffalo, N.Y., and New York City. On May 7, investigators in Cuomo’s office subpoenaed 14debt settlement firms nationwide seeking information abouttheir fee structures and what kind of relief they are providingto consumers (Reporting by Grant McCool; Editing by Dan Grebler) Bonds. Itsaid CSA collected approximately $17 million in fees from NewYork-based consumers. “Today’slawsuits send a clear message that we are prepared to rein inthis unregulated industry and protect New Yorkers who areproactively trying to work their way out of debt.” The lawsuit against CSA charged that it promised a 60percent reduction in customers’ outstanding debt, but only anaverage of 1 percent of consumers received that savings.

“These companies are taking advantage of people in New Yorkand throughout the entire country who are facing tremendouseconomic hardship,” Cuomo said in the statement. Bonds CSA-Credit Solutions of America, Inc of Richardson, Texas,which describes itself as the largest debt settlement companyin the United States, and Nationwide Asset Services, Inc ofPhoenix, Arizona, were sued on behalf of about 20,000 New Yorkcustomers, Cuomo’s office said in a statement. NEW YORK, May 19 (Reuters) – New York Attorney GeneralAndrew Cuomo sued two debt settlement companies for fraud,deceptive practices and false advertising on Tuesday as part ofa probe of their treatment of consumers in the nation’sfinancial crisis. Crofelemeracts locally in the intestines, with limited systemic exposure.

Napo Pharmaceuticals, Inc.Lisa Conte, Chief Executive Officer(001) + 650 616 1902 Copyright Business Wire 2009. Crofelemer produces several effects when administeredorally providing for activity in several disease indications. Crofelemer’santi-secretory mechanism reduces excess fluid secreted into thegastro-intestinal tract, while its anti-inflammatory and analgesic activity mayprovide the rationale for its significant benefit in abdominal pain. It is generally welltolerated and has shown significant anti-diarrheal activities and improvement ingastrointestinal symptoms. Crofelemer is in various stages of clinical development for fourdistinct product indications, one in Phase 3, two in Phase 2 and one in Phase 1.Crofelemer has been tested in trials involving approximately 1700 patients indouble-blind placebo-controlled, mostly published trials of AIDS diarrhea,diarrhea-predominant IBS, and acute infectious diarrhea. For more information please visit About CrofelemerCrofelemer, a proprietary patented agent, is extracted from Croton lechleri, amedicinal plant which can be sustainably harvested from several countries inSouth America.