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Moody's assigns A2 to Disney notes
Moody's Investors Service said it assigned an A2 rating to the Walt Disney Co.'s proposed notes offering. The senior unsecured notes will be pari passu with the company's senior unsecured indebtedness and will be guaranteed by TWDC Enterprises 18 Corp., a subsidiary of Disney.
Proceeds will be used for general corporate purposes, which Moody's believes will include strengthening liquidity and could include paying down outstanding commercial paper balances or fund upcoming debt maturities.
The rating outlook for Disney is stable.
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