Moody's gives Ba3 to Howard Hughes notes

Moody's Investors Service said it assigned a Ba3 rating to the Howard Hughes Corp.’s proposed $1.3 billion senior notes due 2029 and 2031. The split in maturities will be determined at the closing of the transaction.

All other ratings for the company remain unchanged. The outlook is stable.

With the proposed $1.3 billion offering, “Howard Hughes will enhance its financial flexibility by extending its debt maturity profile and lowering its interest expense,” Moody’s said in a news release.

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