Moody’s rates Disney notes A2

Moody’s Investors Service said it assigned an A2 rating to Walt Disney Co.’s proposed sale of floating- and fixed-rate notes.

Proceeds will be used for a cash tender to buy up to $1.75 billion of Disney notes and any 21st Century Fox Inc. notes. In addition, proceeds will be used to repay a 364-day loan and for general corporate purposes.

Moody’s said it sees the transactions as leverage neutral.

The outlook is stable.

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