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Sep 25
2010

Fitch Rates Northrop Grumman’s Proposed Notes ‘BBB+’
NEW YORK–(BUSINESS WIRE)–Fitch Ratings assigns a ‘BBB+’ rating to Northrop Grumman Corporation’s (NOC) new five-year, 10-year, and 30-year senior notes. Fitch expects the proceeds to be used to fund several tender offers that were announced today, as well as to pre-fund the retirement of $750 million of debt which matures in February 2011. After accounting for the tenders, the February debt …
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