Moody’s assigns BAE notes Baa2

Moody’s Investors Service said it assigned a Baa2 rating to the proposed new senior unsecured notes due 2030 to be sold by BAE Systems plc.

BAE’s long term issuer rating of Baa2 is unaffected by the issuance and neither are the Baa2 ratings of the senior unsecured instruments issued by BAE, the backed senior unsecured instruments issued by BAE Systems Holdings Inc. and BAE Systems Finance Inc.

The proceeds will be applied to fund part of BAE Systems’ post-employment benefit plans deficit, or repay certain amounts under BAE Systems Holding’s commercial paper program that will be used to fund part of BAE Systems’ post-employment benefit plans deficit.

The outlook is unchanged and remains stable.

© 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.