(Reuters) - Fitch cut SLM's long-term issuer debt rating to "BBB," two
steps above junk status, from "A-plus." The rating will likely
be cut to "BB-plus," the highest junk rating, as details of the
buyout become more clear, Fitch said in a statement.
SLM agreed in April to a buyout led by private equity firm
J.C. Flowers & Co. The transaction is expected to close late
this year.
Read more at Reuters.com Bonds News
steps above junk status, from "A-plus." The rating will likely
be cut to "BB-plus," the highest junk rating, as details of the
buyout become more clear, Fitch said in a statement.
SLM agreed in April to a buyout led by private equity firm
J.C. Flowers & Co. The transaction is expected to close late
this year.
Read more at Reuters.com Bonds News
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