Moody's rates Wesfarmers bonds Baa1

Moody's Investors Service said it assigned a Baa1 senior unsecured rating to Wesfarmers Ltd.'s US$650 million 144A issuance due April 10, 2013.

The outlook on the rating is stable.

The agency said the issuance forms part of Wesfarmers' plan to refinance A$4 billion of bridge financing due October 2008 used to acquire Coles Group Ltd.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.