Fitch rates IDEX notes BBB+

Fitch Ratings said it assigned a rating of BBB+ to IDEX Corp.’s planned $500 million issue of 10-year, senior unsecured notes.

The proceeds will be used to redeem and repay the $300 million of notes that mature in December and for general corporate purposes.

Fitch currently rates IDEX's issuer default rating and long-term senior unsecured notes BBB+.

The outlook is stable.

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