Fitch affirms Arrow Electronics

Fitch Ratings said it affirmed Arrow Electronics, Inc.'s long-term issuer default rating at BBB-. The outlook is stable.

In addition, Fitch affirmed the senior unsecured revolving credit facility and the senior unsecured notes at BBB-, in line with the issuer default rating.

“Arrow provides an explicit commitment to sustaining leverage below 3.0x and has demonstrated discipline in adhering to the stated financial policy with no notable deviations in the latest four-year period,” the agency said in a news release.

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