Moody's gives EnerSys notes Ba3

Moody's Investors Service said it assigned a Ba3 rating to EnerSys' new senior unsecured notes due 2027. The Ba2 corporate family rating and the Ba2-PD probability of default rating are unchanged.

“The Ba3 ratings of EnerSys' senior unsecured notes are one notch below the Ba2 CFR, reflecting their effective subordination to the senior secured credit facilities,” said Moody’s in a press release.

The outlook for EnerSys is stable.

© 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.