Moody's assigns Ba1 to Rocket Mortgage notes

Moody's Investors Service said it assigned Ba1 ratings to Rocket Mortgage, LLC's proposed $1.5 billion long-term senior notes offering: $750 million maturing 2026 and $750 million maturing 2033.

The company intends to use the net proceeds from the offering to retire some of its existing unsecured debt and for general corporate purposes.

Rocket Mortgage's outlook is positive, Moody’s said.

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