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Fitch rates Corebridge notes BBB+
Fitch Ratings said it assigned a BBB+ rating to Corebridge Financial, Inc.'s offering of $750 million of 5.75% senior unsecured notes due 2034.
The new notes are rated equivalent to the ratings of Corebridge's outstanding senior debt, the agency said.
The proceeds are expected to be used for repayment of a portion of Corebridge's principal currently drawn under the issuer's three-year delayed draw term loan facility and general corporate purposes.
The outlook is stable.
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