Business/Finance
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| October 28, 2005
Fitch plans to rate the new Viacom at ‘BBB’ with a stable outlook. Fitch likes Viacom’s expected revenue growth from carriage rate increases, among other things. It doesn’t like the expected "aggressive share repurchase policy post-spin." — Patriot refinanced $282mln of debt, underwritten by The Bank of NY and BNY Capital.