Moody's: Valspar unchanged

Moody's Investors Service said Valspar Corp.'s Baa2 long-term rating, P-2 short-term rating and stable outlook have not changed as a result of the recent announcement that the company has entered into an agreement to acquire Australian paint manufacturer Wattyl Ltd. for A$142 million and will assume approximately A$30 million of Wattyl's outstanding debt for a total consideration of approximately $150 million.

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