13.10.2016 17:46:00
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Ecolab Inc. -- Moody's assigns Baa1 to Ecolab's new $1 billion senior unsecured notes issue
New York, October 13, 2016 -- Moody's Investors Service assigned Baa1 ratings to Ecolab Inc.'s (Ecolab) proposed $1 billion in new senior unsecured notes, expected to be split between a $750 million 10 year tranche and $250 million 30 year tranche. Net proceeds are expected to be used to pay upcoming maturities and for general corporate purposes. The outlook on the ratings is stable.