| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers T > Headlines for Taylor Morrison Communities, Inc. > News item |
Moody’s rates Taylor Morrison notes B2
Moody's Investors Service said it assigned a B2 rating to the proposed $350 million of eight-year senior unsecured notes issued by Taylor Morrison Communities, Inc. and Taylor Morrison Holdings II, Inc., subsidiaries of Taylor Morrison Home Corp.
In the same action, the agency affirmed the company's B1 corporate family rating, B1-PD probability of default, the B2 rating on the existing senior unsecured notes and the SGL-2 speculative grade liquidity rating.
The outlook was changed to positive from stable.
Proceeds, together with some of the company's cash balances, will be used to retire the company's $485 million of 7¾% senior unsecured notes due 2020.
© 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.