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Fitch assigns BBB+ to Aviva notes
Fitch Ratings said it assigned Aviva plc's £500 million of subordinated tier 2 notes a BBB+ rating.
The rating is three notches below Aviva's A+ long-term issuer default rating, deducting two notches for poor recoveries and one notch for moderate non-performance risk, Fitch explained.
The proceeds will be used for general corporate purposes.
The outlook is stable.
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