Fitch Affirms Avago Technologies at 'BB+' on Broadcom Acquisition; Outlook Stable

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CHICAGO--(BUSINESS WIRE)--Fitch Ratings has affirmed the ratings for Avago Technologies Finance Pte. Ltd., including the 'BB+' long-term Issuer Default Rating (IDR). The affirmation follows the announcement that Avago Technologies Ltd. (Avago) will acquire Broadcom Corp. (Broadcom) for $37 billion. Pro forma for the expected debt issuance, Fitch's actions affect approximately $16 billion of total debt, including the undrawn $500 million secured revolving credit facility (RCF). The Rating Outloo

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