Fitch affirms Viacom

Fitch Ratings said it affirmed Viacom Inc.'s BBB issuer default rating and affirmed specific issue ratings.

The outlook is negative.

Viacom had about $9.9 billion in total debt with equity credit as of Dec. 31.

Fitch said the affirmation recognizes the significant progress the company has made, particularly in regard to its more conservative financial policies, which in the agency’s view have improved credit metrics to a level more consistent with the BBB rating.

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