Fitch rates Hardwood notes A-

Fitch Ratings said it assigned an A- ratings to Hardwood Funding, LLC's three series of senior secured notes. These include $26 million of series ZZ, $90 million of series AAA, and $137 million of series BBB, for a total of $254 million.

The agency also affirmed the outstanding debt instruments of the National Basketball Association, including the NBA's league line credit facilities, and all series of Hardwood Funding's senior secured notes and Basketball Funding, LLC's secured revolving credit facility at A-.

The outlook is stable.

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