New York, April 11, 2016 -- Moody's Investors Service ("Moody's") today assigned an A3 rating to Lowe's Companies, Inc (Lowe's) proposed offering of up to $3.3 billion of senior unsecured notes. All other ratings remain unchanged. The rating outlook is stable. Proceeds from the offering will be used to fund the purchase of RONA Inc (RONA), to fund the repayment at maturity of $475 million senior unsecured notes due April 2016 and $550 million of notes due October 2016 and for general corporate purposes.
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