Moody’s assigns Perenti notes Ba2

Moody’s Investors Service said it assigned a Ba2 rating to the proposed $350 million of senior unsecured notes to be sold by Perenti Finance Pty. Ltd., a wholly owned subsidiary of Perenti Global Ltd.

“The Ba2 rating on the proposed notes is at the same level as Perenti Global Ltd.’s corporate family rating, reflecting the preponderance of unsecured debt in its capital structure,” Moody’s said in a press release.

Moody’s said it expects the proceeds to be used to refinance the $350 million of senior secured notes issued by Barminco Finance Pty. Ltd.

The outlook is stable.

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