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Fitch assigns BBB to Ares Capital notes
Fitch Ratings said it assigned a BBB rating to Ares Capital Corp.'s $600 million of 7% unsecured notes maturing in January 2027.
“Fitch does not expect there to be an impact on the company's leverage levels as a result of the issuance, as proceeds will be used largely to repay outstanding borrowings and for general corporate purposes,” the agency said in a statement.
The outlook is stable.
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