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Fitch rates Dun & Bradstreet notes BB-
Fitch Ratings said it assigned BB-/RR4 rating to Dun & Bradstreet Corp.'s (DNB) planned unsecured notes.
The proceeds will be used to redeem the company's 10¼% senior unsecured notes, also rated BB-/RR4, resulting in interest expense savings and extending its maturity profile.
“Fitch expects the transaction, along with the earlier announced incremental TLB and related refinancing, to be largely leverage neutral,” the agency said in a press release.
The outlook is stable.
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