Moody's rates Sealed Air bonds B1

Moody's Investors Service said it assigned a B1 rating to Sealed Air Corp.'s new senior unsecured bonds.

Other ratings remain unchanged and the outlook remains stable.

Moody's assigned a B1 rating to the proposed $850 million of senior unsecured bonds due 2020 and 2022, proceeds of which will be used to refinance the outstanding $400 million 5 5/8% senior notes due 2013 and $400 million 7 7/8% senior notes due 2017.

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