| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers K > Headlines for Kellogg Co. > News item |
Moody’s assigns Baa2 to Kellogg notes
Moody’s Investors Service said it assigned a Baa2 rating to Kellogg Co.’s planned $400 million of 10-year senior unsecured notes.
The agency noted Kellogg’s Baa2 senior unsecured ratings are unchanged.
Kellogg will use the proceeds for general corporate purposes including debt repayment.
“The issuance is credit positive because it allows the company to prefund and extend near-term debt maturities including $400 million notes that are due March 1, 2023. Kellogg still has meaningful maturities over the next two years with $600 million notes due December 2023 and €600 million notes due May 2024,” Moody’s said in a press release.
The outlook is unchanged.
© 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.