Moody's rates PPG notes Baa1

Moody's Investors Service said it assigned Baa1 ratings to the proposed 10-year senior unsecured notes of PPG Industries.

The outlook is stable.

"PPG is taking advantage of the current low interest rate environment to prefund a large portion of $600 million in notes that mature in the first quarter of 2013," John Rogers, Moody's senior vice president, said in a news release.

© 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.