Moody's: Rock-Tenn notes Ba1

Moody's Investors Service said it assigned a Ba1 rating to Rock-Tenn Co.'s proposed $600 million senior unsecured notes due 2020 and 2023, which will rank equally with the company's existing senior unsecured indebtedness.

The company's Ba1 corporate family rating, SGL-2 liquidity rating and the stable outlook all remain unchanged.

Moody's said the proposed refinancing is essentially leverage neutral and will provide a slight improvement in the company's debt maturity profile.

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