Fitch affirms American Tower

Fitch Ratings said it affirmed American Tower Corp.'s BBB- issuer default and senior unsecured debt ratings.

The outlook is stable.

Ratings are supported by the financial flexibility provided by the company's strong free cash flow and its high EBITDA margin, the agency said.

Ratings also reflect AMT's commitment to a net leverage target in a range of 3x to 5x, the agency noted.

Risks include the potential for acquisitions and the expansion of operations internationally, Fitch said.

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