Fitch assigns A- to Corning notes

Fitch Ratings said it rated Corning Inc.'s $750 million of senior notes A-.

Corning will use net proceeds from the three- and seven-year senior notes sale for general corporate purposes.

The outlook is stable.

Fitch said the ratings and outlook reflect its expectation for solid near-term operating performance, driven by positive momentum across all segments, particularly Optical Communications, Gorilla Glass, and Environmental. Growing profitability in non-display businesses and modestly lower capital expenditures will translate into higher annual free cash flow.

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