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Prospect News home > News index > List of issuers G > Headlines for GATX Corp. > News item
Published on 10/31/2017 in the Prospect News Bank Loan Daily and Prospect News Investment Grade Daily.

S&P gives GATX notes BBB

S&P said it assigned its BBB issue-level rating to GATX Corp.'s proposed $300 million senior unsecured notes due 2028.

The company plans to use the proceeds to repay its existing $200 million senior unsecured notes due Feb. 15, 2018.

“We rate the company's unsecured debt BBB, which is the same as our corporate credit rating, because no significant elements of subordination risk are present in its capital structure,” the agency said in a news release.


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