Moody's rates Finmeccanica notes Baa2

Moody's Investors Service said it assigned a Baa2 rating to Finmeccanica SpA's proposed €500 million senior unsecured note issue due 2025.

The proceeds will be used for general corporate purposes.

Moody's said the rating, at the same level as the company's other senior unsecured debt, reflects the benefits of several recent acquisitions, divestitures and restructurings that are expected to provide the company with a stronger competitive position leading to improved financial performance, including stronger cash flow from operations.

The rating also incorporates the expectation that the company will manage its overall financial planning such that net debt is not likely to increase and that cash flow to debt metrics will improve over time.

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