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Fitch rates Rite Aid notes B-, B, loan B+
Fitch Ratings said it assigned a B- rating to Rite Aid Corp.'s $1.7 billion senior unsecured notes, a B rating to the company's $800 million senior secured notes and a B+ rating to the company's $1.4 billion bank facility. The outlook is stable.
Fitch said the ratings reflect Rite Aid's improving operating performance, strengthened debt profile and positive industry fundamentals.
The ratings also recognize the company's limited financial flexibility, the competitive operating environment and industry pricing pressures, according to Fitch.
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