New York, December 14, 2015 -- Moody's Investors Service affirmed Newell Rubbermaid's ("Newell") Baa3 rating and Prime-3 commercial paper rating following its announcement today that it entered into a definitive agreement to acquire Jarden Corporation ("Jarden") for about $20 billion. The rating outlook is revised to stable from positive. The deal is expected to close in the second half of 2016.
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