Fitch rates Fortress Transportation BB-

Fitch Ratings said it assigned a first-time long-term issuer default rating of BB- to Fortress Transportation and Infrastructure Investment LLC. Fitch has also assigned a senior unsecured debt rating of BB- to the company’s outstanding unsecured debt obligations.

The company’s rating is supported by its fleet profile with limited residual value risk, solid cash flows, an experienced management team and leverage consistent with the risk profile of the portfolio, Fitch said.

The outlook is stable.

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