Moody's gives Weyerhaeuser notes Baa2

Moody's Investors Service said it assigned a Baa2 rating to Weyerhaeuser Co.'s proposed $500 million senior unsecured notes maturing in 2030.

The notes will be unsecured senior obligations of Weyerhaeuser and will rank equally with the company's unsecured senior indebtedness.

Weyerhaeuser intends to use most of the proceeds to redeem all or a portion of the company's 2021 maturities. Weyerhaeuser's Baa2 senior unsecured rating and stable outlook are unchanged, the agency said.

© 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.