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Moody's: Praxair notes A2
Moody's Investors Service said it assigned an A2 rating to $500 million of 2.2% senior unsecured notes due 2022 issued by Praxair, Inc.
The outlook is stable.
"Praxair's credit metrics have weakened modestly as a result of continued heavy capital spending, on-going share repurchases and a slowdown in the global economy," Moody's senior vice president John Rogers said in a news release. "Credit metrics and earnings growth should improve along with a recovery in global growth."
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