Moody's rates Cisco notes A1

Moody's Investors Service said it assigned an A1 rating to Cisco System, Inc.'s proposed offering of up to $5 billion of senior unsecured notes.

The company's other ratings and stable outlook remain unchanged.

The last rating action Cisco was Feb. 12, 2009, when Moody's said it rated Cisco's new debt issuance. On Feb. 9, 2009, Cisco's outlook was changed to stable from positive.

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