Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers B > Headlines for BAE Systems Holdings Inc. > News item |
Moody’s rates BAE Systems notes Baa2
Moody's Investors Service said it assigned Baa2 ratings to the proposed $1.5 billion combined offering of new senior unsecured notes to be issued by intermediate holding company BAE Systems Holdings Inc.
Net proceeds will be used for general corporate purposes.
Existing ratings for the debt of BAE Systems plc and its subsidiaries (Baa2, senior unsecured) remain unchanged.
The outlook is stable.
"BAE Systems is capitalizing on still-strong debt markets at a time when it could use a liquidity boost to cushion against a temporary period of constrained cash flows and earnings volatility," Russell Solomon, Moody’s senior vice president and lead analyst for the company, said in a news release.
"The operating environment for the U.K.'s leading defense contractor looks to finally be turning the corner, with expectations of increased spending in its two most important markets – the U.S. being the other – beginning next year, and BAE likely to be a key beneficiary of the change."
© 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.