E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 1/27/2012 in the Prospect News Investment Grade Daily.

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.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.