Moody's assigns P&G bonds Aa3

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

The agency affirmed P&G’s Aa3 rating on April 19, 2018. “The issuance is viewed to be credit positive because it improves liquidity and lengthens the company's maturity profile,” Moody’s said in a press release.

The proceeds will be used for general corporate purposes including debt refinancing.

The outlook is stable.

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