Moody's rates Air Products bonds A2

Moody's Investors Service said it assigned A2 ratings to Air Products and Chemicals, Inc.'s new senior unsecured dollar-denominated green bonds due 2033 and euro bonds due 2034 or 2035.

Air Products' other A2 senior unsecured debt ratings are unchanged, Moody’s said.

The proceeds will be used to finance green eligible projects.

"Air Products is increasing its investment in green and blue hydrogen and ammonia projects, and we expect additional projects and investments to be announced over the next several years," stated John Rogers, senior vice president at Moody's and lead analyst on Air Products, in a press release.

The outlook remains stable.

© 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.