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Fitch: Astoria notes BBB-
Fitch Ratings said it assigned a BBB- rating to Astoria Financial Corp.'s offering of $250 million senior unsecured notes.
The company has an issuer default rating is BBB-.
The outlook is stable.
The proceeds will be used to repay $250 million of outstanding senior unsecured notes due in October 2012.
The issuance of new debt alleviates the short-term liquidity concerns, Fitch said.
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