Technology | 2015.05.06
Fitch Affirms Seagate Technologies plc at 'BBB-'; Outlook Stable
CHICAGO--(BUSINESS WIRE)--Fitch Ratings has affirmed the ratings for Seagate Technology plc (Seagate) and its wholly-owned subsidiary, Seagate HDD Cayman (Seagate HDD), including the long-term Issuer Default Rating (IDR) at \'BBB-\'. The Rating Outlook is Stable. Fitch\'s actions affect $4.1 billion of debt, including the undrawn revolving credit facility (RCF) and pro forma for $474 million of 6.875% senior notes Seagate will redeem on May 7, 2015. A full list of ratings follows at the end of thi
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