NEW YORK--(BUSINESS WIRE)--Fitch Ratings assigns a rating of 'BB+/RR4' to Corrections Corporation of America's (NYSE: CXW) proposed senior unsecured seven-year debt issuance of $250 million. The transaction is leverage neutral as proceeds from the bond issuance will be used to pay down the company's revolving credit facility. A full list of Fitch's current ratings for CXW follows at the end of this release. KEY RATING DRIVERS The rating reflects the company's strong credit metrics and liquidity