CHICAGO--(BUSINESS WIRE)--Fitch Ratings has assigned a rating of 'B/RR4' to Meritor, Inc.'s (MTOR) add-on offering of $225 million in 6.25% senior unsecured notes due 2024. MTOR's Issuer Default Rating (IDR) is 'B' and the Rating Outlook is Positive. The new notes are an add-on to MTOR's existing $225 million in senior unsecured notes due 2024 and will form a single series with the existing notes. As such, the new notes will be guaranteed on an unsecured basis by each of MTOR's current and futu
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