Fitch rates CoBank preferreds A

Fitch Ratings said it assigned an A rating to the $136.75 million series D non-cumulative subordinated perpetual preferred stock issued by CoBank, ACB as part of a voluntary exchange offer for its series A cumulative perpetual preferred stock that began July 27.

The class D preferred stock is perpetual with an optional redemption on or after Oct. 1, 2014.

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