Fitch rates Webster notes BBB

Fitch Ratings said it expects to assign a BBB rating to Webster Financial Corp.'s senior note issuance.

The $150 million senior note issuance is due Feb. 15, 2024. The notes have an interest rate of 4.375% and were priced to yield 4.474%, Fitch said.

The proceeds will be used for general corporate purposes.

The rating on the notes is aligned with the company's viability rating of BBB, the agency said.

The notes are sensitive to changes in the viability rating of the company, which embodies the standalone assessment of the institution, Fitch said.

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