Fitch Rates AmeriCredit Corp.'s $500MM Convertible Debt Issue 'BB-'.NEW YORK -- Fitch assigns a 'BB-' rating to AmeriCredit Corp.'s (NYSE NYSE See: New York Stock Exchange :ACF (Advanced Communications Function) An earlier official product line name for IBM SNA programs, such as VTAM (ACF/VTAM) and NCP (ACF/NCP). ACF - Advanced Communications Function ) issuance of $500 million in senior unsecured convertible debt; $250 million 0.75% notes due 2011, convertible at $28.07, and $250 million 2.125% notes due 2013, convertible at $30.51. Proceeds will be used for share repurchases and general corporate purposes. The Rating Outlook for AmeriCredit is Positive. Fitch assigns the following rating: AmeriCredit Corp. --$500,000,000 Senior unsecured convertible debt 'BB-'. Fitch's rating definitions and the terms of use Terms of Use are rules set up by the owner of an intellectual property or service to govern how they may be legally used. In many cases, terms of service are used as a contractual agreement between a company and users of a service they provide. 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 Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental are also available from the 'Code of Conduct' section of this site. |
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