S&P assigns Emerson Electric notes A

S&P said it assigned its A issue-level rating to Emerson Electric Co.'s upcoming senior unsecured notes due 2028, 2031 and 2051.

Emerson’s A issuer rating is unchanged by the offering, S&P said.

Emerson is expected to use the proceeds to fund its acquisition of AspenTech. Emerson plans to fund the remainder with available cash on hand, commercial paper and other sources.

© 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.