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Moody's gives B2 to USG notes
Moody's Investors Service said it assigned a B2 rating to USG Corp.'s proposed $250 million senior unsecured notes due 2020, which will be guaranteed by USG's operating subsidiaries and pari passu to its other unsecured notes with subsidiary guarantees.
Moody's also affirmed the corporate family rating and probability of default rating at Caa1. The company's speculative grade liquidity assessment remains SGL-3.
The outlook is stable.
The Caa1 corporate family rating results from ongoing weak operating performance, Moody's said.
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