14.12.2015 22:13:00
|
Newell Rubbermaid, Inc. -- Moody's affirms Newell's Baa3 rating on Jarden deal; Outlook changed to stable
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.