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Fitch rates ING notes BBB-
Fitch Ratings said it expects to assign a BBB- rating to ING U.S., Inc.'s $1 billion planned issuance of 2.9% senior notes due 2018.
The proceeds will be used for general corporate purposes, including repayment of commercial paper and amounts owed under its term loan agreement, Fitch said.
Pro forma financial leverage is expected to remain near 27%, the agency said.
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