Moody’s gives Ba3 to Wesco notes

Moody's Investors Service said it assigned Ba3 ratings to Wesco Distribution, Inc.'s planned backed senior unsecured notes to be sold in five- and eight-year tranches.

Parent Wesco International, Inc.'s Ba2 corporate family rating, Ba2-PD probability of default rating and the Ba3 on Wesco Distribution’s outstanding senior unsecured notes are unchanged, the agency said.

The proceeds will ultimately go to repayment of the outstanding senior unsecured notes due in June 2025 when they become par callable in June.

The outlook is stable.

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