Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers K > Headlines for Kellogg Co. > News item |
S&P gives Kellogg notes BBB+
Standard & Poor's said it assigned its BBB+ senior unsecured debt rating to Kellogg Co.'s (BBB+/negative/A-2) proposed approximately $650 million senior unsecured note offering, consisting of two-year floating-rate notes and 10-year fixed-rate notes (actual amounts and maturity dates to be finalized at the close of the transaction).
Kellogg intends to use net proceeds from this offering for general corporate purposes, including the repayment of its $750 million 4.25% senior notes that mature on March 6, 2013.
S&P said its corporate credit rating reflects Kellogg's "strong" business risk profile.
© 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.