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Fitch rates Northrop Grumman notes BBB+
Fitch Ratings said it assigned BBB+ long-term ratings to Northrop Grumman Corp.'s new senior unsecured notes.
The agency rates Northrop Grumman, its subsidiary Northrop Grumman Systems Corp., and the unsecured notes at both entities at BBB+.
The proceeds are expected, in part to refinance $1 billion of upcoming maturities, with the remaining split between share repurchases and general corporate purposes.
The outlook is stable.
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