Moody's rates RPM notes Baa3

Moody's Investors Service said it assigned a Baa3 rating to $250 million of senior unsecured 10-year notes to be issued by RPM International Inc.

Proceeds from the notes offering are expected to be used to repay a portion of the outstanding borrowings under the revolving credit facility and for general corporate purposes.

The outlook is stable.

"RPM continues to show stable credit metrics in support of the Baa3 rating, which is also helped by a diverse product portfolio," said Moody's analyst William Reed in a news release.

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