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Moody's rates Viacom notes Baa1
Moody's Investors Service said it assigned a Baa1 rating to Viacom Inc.'s news $250 million senior unsecured notes due 2043.
Moody's said it anticipates that the new notes will be pari passu with the company's existing senior unsecured debt.
Proceeds from the issuance will be used for general corporate purposes, including the repayment of debt and the repurchase of shares under its share repurchase program.
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