Fitch rates Verisk notes A-

Fitch Ratings said it assigned an A- rating to Verisk Analytics, Inc.'s proposed issuance of 10-year notes.

The proceeds will be used to repay borrowings under the credit facility and for general corporate purposes.

The new notes will be guaranteed by Insurance Services Office, Inc. and all of its subsidiaries that currently guarantee Verisk's existing notes, Fitch said.

The ratings can tolerate leverage in excess of targeted levels for an acquisition, Fitch said, with the expectation that leverage would be reduced within a 12- to 18-month timeframe.

The agency said it expects the rate of share repurchases to slow in order to dedicate free cash flow toward the reduction of absolute levels of debt.

Liquidity is sufficient, Fitch said.

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