CHICAGO--(BUSINESS WIRE)--Fitch Ratings has affirmed Universal Corp.'s (Universal) Issuer Default Rating (IDR) at 'BBB-'. The ratings apply to approximately $430 million of total outstanding debt (granting 100% equity credit for Universal's convertible perpetual preferred stock). The Rating Outlook is Stable. A full list of rating actions follows at the end of this release. KEY RATING DRIVERS Tobacco leaf pricing moderated in fiscal 2015 as the market balance shifted to oversupply conditions fr