General Growth Properties Inc. plans to emerge from bankruptcy without selling its best-performing shopping malls after reaching an agreement with lenders, a development that reassured the commercial mortgage-backed securities market.

"I would not be surprised to see the odd sale of an asset, but it won't be to raise substantial capital," General Growth President and Chief Operating Officer Thomas Nolan said Wednesday in a telephone interview. "We have no current plans to sell any of those assets we consider to be strategically important."

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