Fitch Affirms Avnet's IDR at 'BBB-'; Outlook Stable

Australia Today
Print
NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed the ratings for Avnet, Inc. (Avnet), including the Long-term Issuer Default Rating (IDR) at 'BBB-'. Fitch's actions affect $2.45 billion of debt, including the $1.25 billion revolving credit facility (RCF). The Rating Outlook is Stable. A full list of ratings follows at the end of this release. KEY RATINGS DRIVERS The ratings and Outlook incorporate the following considerations: --Avnet's leading market positions in both segments of its busi

imageimage