Fitch rates Meritor notes B-

Fitch Ratings said it assigned a B-/RR5 rating to Meritor, Inc.'s $250 million in proposed senior unsecured notes due 2021.

The issuer default rating B and the outlook is stable.

The proposed notes will be guaranteed by certain current and future subsidiaries of Meritor that also guarantee the company's secured revolving credit facility and term loan A.

The company intends to use proceeds from the proposed notes to fund a tender offer for its $251 million in 8 1/8% senior unsecured notes due 2015.

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