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Prospect News home > News index > List of issuers C > Headlines for Corning Inc. > News item |
S&P rates Corning notes BBB+
S&P said it assigned its BBB+ issue-level rating to Corning Inc.'s proposed senior unsecured notes.
The agency said it expects the company to use the proceeds for general corporate purposes, which may include repurchases of common stock, payment of dividends, debt repayment and acquisitions.
“We expect Corning's adjusted debt leverage to remain in the low-1x area following the proposed debt issuance,” S&P said in a news release.
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