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Fitch affirms Altria
Fitch Ratings said it affirmed the issuer default ratings and debt ratings of Altria Group, Inc. and its subsidiaries as follows:
• Altria's long-term issuer default rating at BBB+; guaranteed bank credit facility at BBB+; guaranteed senior unsecured debt at BBB+; short-term issuer default rating at F2; and commercial paper at F2;
• Philip Morris Capital Corp.'s long-term issuer default rating at BBB+; short-term issuer default rating at F2; and CP at F2; and
• UST LLC's senior unsecured debt at BBB+.
The outlook is stable.
According to Fitch, the company's ratings are supported by the company's commanding market share of U.S. tobacco segments.
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