Fitch affirms Dun & Bradstreet

Fitch Ratings said it affirmed Dun & Bradstreet Corp.'s issuer default rating at A-, commercial paper and short-term issuer default rating at F2, bank credit facility at A- and senior unsecured at A-.

The outlook is stable.

Ratings recognize D&B's ability to generate strong consistent free cash flow, its solid credit protection measures, leading market position in commercial credit data and the company's ability to leverage its database into multiple revenue generating products, the agency said.

Ratings also reflect the visibility of the company's revenue base, as well as Fitch's belief that management will be financially prudent with acquisitions, the agency noted.

Concerns include limited revenue diversification, potential weakness and pricing pressures in the sales and marketing segment, and shareholder-friendly policies, Fitch said.

Leverage was 1.7x as of the 12 months ended March 31, compared with 1.5x as of March 31, 2009.

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