Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for Stena AB > News item |
Moody's assigns B2 to Stena notes
Moody's Investors Service said it assigned a provisional B2 rating to the proposed $400 million senior unsecured notes to be issued by Stena AB.
The outlook is stable.
Moody's said the provisional B2 rating reflects the fact that the new senior notes will have the same seniority as Stena's four outstanding senior unsecured bond issues, which amounted to around SEK 5.2 billion ($786 million) as of end-September 2013.
Proceeds from the notes will be used to repay existing drawings under some of the group's revolving credit facility, which will be cancelled after the transaction.
© 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.