Moody’s rates Arcosa, notes Ba2

Moody’s Investors Service said it rated Arcosa, Inc.’s corporate family rating Ba2 and probability of default rating Ba2-PD.

Moody’s said it also assigned a Ba2 rating to Arcosa’s proposed $400 million senior notes due 2029.

Proceeds from the senior notes will be used to repay any borrowings that may be outstanding under the 364-day facility at the closing of the offering, to fund the acquisition of StonePoint Materials and for general corporate purposes.

The outlook is stable.

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