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Moody’s assigns Baa3 to Kraft Heinz notes
Moody’s Investors Service said it assigned a Baa3 rating to senior unsecured notes being offered by Kraft Heinz Foods Co. in 10-, 20- and 30-year tranches.
The notes will be guaranteed by parent company Kraft Heinz Co.
Proceeds will be used primarily to refinance existing debt.
The outlook is stable.
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