Moody’s rates P&G notes Aa3

Moody's Investors Service said it assigned Aa3 ratings to Procter & Gamble Co.’s three-and eight-year senior unsecured fixed-rate euro-denominated notes.

The offering has no effect on P&G's ratings including the Aa3 senior unsecured rating and the rating outlook is stable, the agency said.

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

“The issuance is viewed to be credit positive because it improves liquidity and lengthens the company's maturity profile,” Moody’s said in a statement.

© 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.