NEW YORK — Fitch Ratings has assigned a ‘BBB’ rating to Discover Financial Services‘ 10-year $400 million issuance of 10.25% unsecured debt. The Rating Outlook is Negative. Proceeds from the issuance will be used for general corporate purposes.
Fitch assigns the following with a Negative Outlook:
Discover Financial Services
- Senior unsecured debt ‘BBB’.
Fitch’s rating definitions and the terms of use of such ratings are available on the agency’s public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch’s code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the ‘Code of Conduct’ section of this site.
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