01.07.2015 10:53:00
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Ecolab, Inc. -- Moody's assigns Baa1 to Ecolab's new $500 million Euro-denominated notes
New York, July 01, 2015 -- Moody's Investors Service assigned a Baa1 rating to Ecolab Inc.'s (Ecolab) proposed $500 million Euro denominated non-callable senior unsecured 2025 notes. Net proceeds are expected to be used to repay commercial paper borrowings, which were previously issued for general corporate and working capital purposes. The outlook on the ratings is stable.