Moody's rates Time Warner notes Baa2

Moody's Investors Service said it assigned a Baa2 rating to Time Warner Inc.'s new $1 billion notes offering that will consist of 10- and 30-year senior unsecured notes.

Proceeds from the offering will be used for general corporate purposes.

The outlook is stable.

Moody's said it expects this transaction to have no material impact on the company's leverage and anticipates that the company will maintain leverage within a range consistent with its Baa2 long term debt rating. The agency believes that Time Warner is taking advantage of the low but rising interest rate environment.

The company has no public debt maturities in 2014 and $1 billion maturing in 2015.

© 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.