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Published on 11/17/2010 in the Prospect News Investment Grade Daily.

Fitch rates Dun & Bradstreet notes A-

Fitch Ratings said it assigned Dun & Bradstreet Corp.'s proposed senior note offering due 2015 an A- rating.

The outlook is stable.

Proceeds from the issuance are expected to be used to redeem or repurchase all $300 million of the company's 5.5% senior notes due March 2011, the agency stated.

The rating reflects the company's ability to generate strong, consistent free cash flow; its solid credit-protection measures; its leading market position in commercial credit data and its ability to leverage its database into multiple revenue-generating products, Fitch said.

The rating also considers the company's limited revenue diversification, potential weakness and pricing pressures in the sales and marketing segment, and shareholder-friendly policies, the agency said.


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