Fitch rates Viacom notes BBB+

Fitch Ratings said it assigned a BBB+ rating to Viacom Inc.'s $550 million issuance of 10- and 30-year senior notes.

Fitch currently has a BBB+ issuer default rating for Viacom.

The outlook is stable.

Fitch said the ratings are underpinned by the strength in the Media Networks segment, highlighted by its dual revenue stream, low capital intensity and high free cash flow conversion. A level of ratings volatility at any given network is factored into the ratings.

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