Moody's rates Brunswick notes Ba3

Moody's Investors Service said it rated Brunswick Corp.'s $150 million senior unsecured notes Ba3.

The Ba3 corporate family rating was affirmed and the outlook was revised to positive.

Proceeds from the offering, coupled with cash on hand, will be used to tender for the $250 million senior secured notes due 2016.

"The refinancing benefits Brunswick's credit profile as it further reduces leverage, but modestly weakens the company's liquidity profile," Moody's senior credit officer Kevin Cassidy said in a news release.

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