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Published on 2/19/2020 in the Prospect News Bank Loan Daily and Prospect News Investment Grade Daily.

Fitch rates Republic Services notes BBB

Fitch Ratings said it assigned a rating of BBB to Republic Services, Inc.'s proposed issuances of 10- and 30-year senior unsecured notes. Proceeds will be used to refinance the $850 million of notes due in March and pay down revolving credit facility borrowings.

Fitch currently rates Republic's long-term issuer default rating, senior unsecured bank debt and senior unsecured notes BBB. The outlook is stable. Republic had $8.8 billion of debt outstanding as of Dec. 31.


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