S&P rates Raytheon notes A-

Standard & Poor's said it assigned an A- rating to Raytheon Co.'s (A-/stable/A-2) proposed $500 million senior unsecured notes with about a 10-year maturity.

Proceeds will be used to redeem the $465 million 4.85% notes due January 2011, with the balance for general corporate purposes.

"The ratings on Raytheon reflect its position as a leading U.S. defense contractor, with strengths in defense electronics and overall good credit protection measures," S&P analyst Roman Szuper 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.