Moody's rates BlackRock notes Aa3

Moody's Investors Service said it assigned an Aa3 rating to BlackRock, Inc.'s new senior unsecured notes due January 2031.

BlackRock expects to use the proceeds for general corporate purposes, which may include the redemption of the company's $750 million of 4.25% notes due May 2021, which are its next term maturity.

At Dec. 31, BlackRock had no amounts outstanding under its $4 billion revolving credit facility maturing in 2025 and had no unsecured commercial paper notes outstanding.

All existing ratings remain unchanged, the agency said.

BlackRock's outlook is stable.

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