Moody's rates Raytheon notes A3

Moody's Investors Service said it assigned A3 ratings to the new senior unsecured notes issued by Raytheon Co.

The outlook remains stable.

Moody's said it expects net proceeds from the offering to repay about $1 billion of existing notes due 2014-2015, either ahead of or upon their maturity, and for general corporate purposes.

"Like others, the company is being both opportunistic and fiscally conservative in pre-funding and extending its debt maturity profile on an economically attractive basis while interest rates remain near historic lows," Moody's senior vice president and lead analyst for the company Russell Solomon said in a news release.

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