Fitch: Rite Aid notes CCC/RR5

Fitch Ratings said it assigned a rating of CCC/RR5 to Rite Aid Corp.'s $421 million of 9¼% guaranteed senior unsecured notes due March 15, 2020.

Given the quality of Rite Aid's collateral, Fitch said it expects the company to be able to address its upcoming maturities in a timely fashion, barring any significant deterioration in its business trends or disruption in the credit markets.

The agency said it also affirmed its ratings on Rite Aid and revised the outlook to stable from negative.

Fitch said it expects that credit metrics will remain stable over the next three years.

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