Fitch gives RSA B+, facilities BB+, B-

Fitch Ratings said it assigned B+ long-term issuer default ratings to Redstone Buyer LLC and Redstone Holdco 2 LP (collectively operating as RSA Security). Fitch rated the first-lien facilities BB+/RR1 and the second-lien facility B-/RR6.

The outlook is stable.

“The ratings and stable outlook reflect Fitch's expectation for stable operating performance over the rating horizon benefiting from high retention rates, recent investments in cloudifying its product offerings and near-term tailwinds for identity management solutions as a result of coronavirus,” Fitch said in a press release.

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