CHICAGO--(BUSINESS WIRE)--Fitch Ratings has downgraded Lorillard Inc.'s (Lorillard) Issuer Default Rating (IDR) to 'BBB-' from 'BBB' as well as Lorillard Tobacco Co.'s IDR to 'BBB-' from 'BBB'. Fitch has also removed the Negative Rating Watch (originally placed on July 15, 2014) and assigned a Stable Rating Outlook. Subsequently, the ratings for Lorillard and Lorillard Tobacco Co. are withdrawn. The rating actions apply to $3.5 billion of outstanding unsecured debt. A full list of rating action