| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers I > Headlines for INTL FCStone Inc. > News item |
Moody's rates INTL FCStone notes Ba3
Moody's Investors Service said it assigned a Ba3 issuer rating to INTL FCStone Inc.
The agency also said it assigned a Ba3 rating to INTL's announced senior secured notes due 2023.
Moody's said INTL expects to borrow $350 million and will use the proceeds to pay down its outstanding balances on its credit facilities.
The outlook is stable.
The ratings reflect INTL's strengths in a range of specialized financial services functions, including commercial hedging and risk management advisory, commodities trading, clearing and execution, securities market making and global payments, Moody's said.
The company's credit profile benefits from a strongly diversified business mix, consistent earnings generation and favorable regulatory and market trends, the agency said.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.