Moody's affirms McDonald's unsecured

Moody's Investors Service said it assigned a provisional Baa2 preferred stock rating to McDonald's Corp. shelf registration.

In addition, the agency said it affirmed the company's A3 senior unsecured rating and Prime-2 short-term commercial paper rating.

The agency added that it also affirmed the company's provisional A3 senior unsecured and provisional Baa1 senior subordinated shelf ratings.

The outlook remains stable.

The last rating action on McDonald's occurred on Sept. 26, 2007, when the senior unsecured rating was downgraded to A3 from A2, Moody's noted.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.