NEW YORK--(BUSINESS WIRE)--Fitch Ratings has assigned an 'A+' rating to the issuance of $1 billion senior extendable notes from State Street Bank and Trust Company. Proceeds of the offering are intended to be used for general corporate purposes.
Fitch assigns the following rating:
State Street Bank & Trust Company
--Senior Debt at 'A+'.
Additional information is available at www.fitchratings.com. The ratings above were solicited by, or on behalf of, the issuer, and therefore, Fitch has been compensated for the provision of the ratings.
Applicable Criteria and Related Research
--'Global Financial Institutions Rating Criteria' (Aug. 15, 2012);
--'Rating FI Subsidiaries and Holding Companies' (Aug. 10, 2012);
--'Investment Managers and Alternative Funds Criteria' (Dec. 23, 2011).
Applicable Criteria and Related Research:
2012 Outlook: Investment Managers and Alternative Funds
Rating FI Subsidiaries and Holding Companies
Global Financial Institutions Rating Criteria