Moody’s rates Toll Brothers notes Ba1

Moody’s Investors Service said it assigned a Ba1 rating to Toll Brothers Finance Corp.’s proposed $350 million of senior unsecured notes due 2029. Toll Brothers Inc., rated Ba1, will guarantee the notes.

Proceeds will be used to retire the company's $250 million senior unsecured notes that mature on Nov. 1, with the remainder designated for general corporate purposes.

All other ratings of Toll Brothers and of Toll Brothers Finance Corp. remain unchanged. The stable outlook is also unchanged.

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