Moody's affirms Terex

Moody's Investors Service said it affirmed the Ba2 corporate family rating of Terex Corp.

The company upsized its issue of 8% senior subordinated notes to $800 million due 2017, compared with $500 million of senior subordinated notes in a combination of eight- and 10-year maturities.

The outlook is stable.

Moody's said it had considered a larger issuance was possible and the additional $300 million of notes does not materially affect the rating.

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