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Fitch Rates GATX Corporation $300MM Senior Unsecured Notes 'BBB'; Outlook Stable
Tuesday, September 22, 2009 2:37 PM


Sep. 22, 2009 (Business Wire) -- Fitch Ratings has assigned a rating of 'BBB' to GATX Corporation's (GATX) $300 million three-year senior unsecured notes. Proceeds from the new debt will be available to repay commercial paper and for general corporate purposes.

Fitch's current ratings on GATX are as follows:

--Long-term Issuer Default Rating (IDR) at 'BBB';

--Short-term IDR at 'F2';

--Commercial paper at 'F2';

--Senior unsecured debt at 'BBB'.

The Rating Outlook is Stable.

Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, 'www.fitchratings.com'. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.

(Source: iStockAnalyst )


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