Moody's rates BlackRock notes A1

Moody's Investors Service said it assigned an A1 rating to BlackRock, Inc.'s new senior notes due 2025 of benchmark size. All existing ratings will remain unchanged. The outlook is stable.

Proceeds will be used for general corporate purposes, including the repayment of upcoming debt maturity of $750 million due June 2015.

The agency said the company’s A1 long-term senior debt rating reflects its position as the world's largest asset manager with high earnings capacity, moderate financial leverage, strong and stable profitability and a strong liquidity profile.

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