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TEXT-Fitch rates Lorillard Tobacco proposed note offering
Aug 16 - Fitch Ratings has assigned a 'BBB' rating to Lorillard Tobacco Co.'s proposed senior notes offering. Fitch currently rates Lorillard's debt as follows: Lorillard Inc. (Parent) --Long-term Issuer Default Rating (IDR) 'BBB'; --Short-term IDR 'F2'; Lorillard Tobacco Co. (Wholly owned subsidiary) --Long-term IDR 'BBB'; --Senior Unsecured Credit Facility 'BBB'; --Senior Unsecured Notes 'BBB'; --Short-term IDR 'F2'. The Rating Outlook is Stable. Lorillard had $2.5 billion of debt at ...
Published By: Reuters (Company news) - Thursday, 16 August, 2012
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