Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers R > Headlines for RTX Corp. > News item |
S&P gives BBB+ to RTX notes
S&P said it assigned its BBB+ issue-level rating to RTX Corp.'s senior unsecured notes.
RTX’s BBB+ ratings are unchanged, S&P said.
The company will use the proceeds, along with new, unrated term loans, to refinance the $10 billion of bridge loans it secured to fund an accelerated share repurchase program in October.
“We view the composition of the financing, which includes repayable loans, as providing RTX with the opportunity to reduce its debt over the next year or so,” S&P said in a press release.
The outlook remains negative.
© 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.