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Prospect News home > News index > List of issuers A > Headlines for Ameritrade Holding Corp. > News item |
Fitch rates Ameritrade loan BB
Fitch Ratings said it expects to assign a BB long-term rating to Ameritrade Holding Corp.'s senior debt term loan borrowings, which consist of the following $250 million term loan A senior secured notes due Jan. 24, 2012 and $1.650 billion term loan B senior secured notes maturing Jan. 24, 2013.
The outlook is positive.
Fitch said the rating is based on Ameritrade's position as a leading player in the online discount brokerage space.
As challenges, Fitch cites the competitive nature of online brokerage and diversified financial services as well as tangible equity as a ratings concern.
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