Moody’s rates Hershey notes A1

Moody's Investors Service said it assigned an A1 rating to $600 million of senior unsecured notes issued by Hershey Co.

Other ratings, including the A1 senior unsecured rating and Prime-1 short term rating, remain unchanged.

The outlook remains stable.

The senior unsecured notes mature in 2018 and 2025. Net proceeds will be used to repay $250 million aggregate principal amount of 4.85% notes due August 2015, to fund the cash tender offer for the $100 million 8.8% debentures due 2021 and the $250 million 7.2% debentures due 2027, and for general corporate purposes.

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