Fitch affirms Arrow

Fitch Ratings said it affirmed the ratings for Arrow Electronics, Inc. as follows: issuer default rating at BBB-, senior unsecured notes at BBB- and senior unsecured bank credit facility at BBB-.

The outlook is stable.

According to Fitch, the ratings and stable outlook reflect its expectation that Arrow will maintain leverage, total debt to total operating EBITDA, of 2.5x or below, or up to 3.0x on an adjusted basis.

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