Fitch rates Westfield notes A-

Fitch Ratings said it assigned a senior unsecured rating of A- to Westfield Group's $1 billion 4.625% guaranteed senior notes issued by WEA Finance LLC due May 10, 2021.

The obligations are senior unsecured obligations of the issuer and are guaranteed by Westfield Holdings Ltd., Westfield Management Ltd., Westfield America Management Ltd. and certain other subsidiaries.

The rating reflects the bond's pari passu rank with all of Westfield's other senior unsecured indebtedness, Fitch said.

The proceeds will be applied to repaying drawings under Westfield's revolving credit facilities, the agency said.

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