Moody's rates Allegion's senior notes Baa2

Moody's Investors Service said it rated Allegion U.S. Holding Co. Inc.’s planned senior unsecured notes Baa2.

“Allegion's existing Baa2 senior unsecured ratings and stable outlook remain unchanged,” the agency said in a press release.

The proceeds, along with revolver borrowings and cash on hand, will be used to fund the previously announced acquisition of Stanley Access Technologies for $900 million.

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