Moody's assigns Baa1 to Pernod Ricard International notes

Moody's Investors Service said it assigned a Baa1 backed senior unsecured rating to the proposed $2 billion notes issued by Pernod Ricard International Finance LLC, a wholly owned finance subsidiary of Pernod Ricard SA (Pernod, Baa1 stable).

The outlook is stable.

The proceeds will be mostly used to refinance 2021-22 debt maturities.

“The rating of the proposed notes is at the same level as Pernod's Baa1 long term issuer rating as the notes benefit from a guarantee from the parent, Pernod,” Moody’s said.

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