CHICAGO--(BUSINESS WIRE)--Fitch Ratings has assigned a rating of 'BBB-' to Albemarle Corporation's (NYSE: ALB, Albemarle) new $300 million 364-day senior unsecured term loan and new $950 million five-year term loan. Proceeds of the term loans are to be used to finance the redemption of Rockwood Specialties Group, Inc.'s $1.25 billion, 4.625% senior notes due 2020. The term loans have substantially the same covenants as the revolving credit facility. A complete list of ratings follows at the end
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