Fitch assigns DISH DBS notes BB-

Fitch Ratings said it has assigned a BB- rating to DISH DBS Corp.'s $1 billion offering of 7.875% senior unsecured notes due 2019.

The company is a wholly owned subsidiary of DISH Network Corp. (issuer default rating BB-), the agency said, adding that proceeds from the offering are expected to be used for general corporate purposes.

The outlook is negative.

From Fitch's perspective, the issuance will improve DISH's somewhat constrained liquidity position, relative to a historical perspective, and Fitch added that it believes that DISH's credit profile has sufficient flexibility to accommodate a modest increase in leverage.

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