Moody's rates P&G samurai notes Aa3

Moody's Investors Service said it assigned the Procter & Gamble Co.’s five- and 10-year senior unsecured yen-denominated notes an Aa3 rating.

“P&G's Aa3/Prime-1 ratings reflect the company's significant cash flow and financial flexibility. P&G also benefits from a large portfolio of well-known branded consumer products with leading market shares,” Moody’s said in a press release.

The proceeds will be used for general corporate purposes.

The outlook 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.