Fitch rates NBA notes A-

Fitch Ratings said it assigned A- ratings to four series of Hardwood Funding, LLC notes funding on June 8. The $301 million of notes were priced in January.

Fitch also affirmed the debt instruments of the National Basketball Association, including all series of Hardwood Funding’s senior secured notes and Basketball Funding, LLC’s secured revolving credit facility (collectively the league-wide credit facility or LWCF).

The outlook is stable.

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