Moody's assigns CSL, notes A3

Moody's Investors Service said it assigned A3 ratings to the notes issued by CSL Finance plc, including the $500 million of 3.85% senior unsecured notes due 2027, $500 million of 4.05% senior unsecured notes due 2029, $1 billion of 4.25% senior unsecured notes due 2032, $500 million of 4.625% senior unsecured notes due 2042, $1 billion of 4.75% senior unsecured notes due 2052 and $500 million of 4.95% senior unsecured notes due 2062.

The agency also gave a first-time A3 backed senior unsecured rating to CSL Finance plc, which is a wholly owned subsidiary of CSL Ltd., also rated A3. The outlook is stable.

CSL Ltd. guarantees the notes. Subsidiary guarantors include CSLB Holdings Inc. and CSL Finance Pty Ltd.

“With the parent guarantee in place, Moody's regards the credit risk for CSL Finance plc as being in line being with that at CSL Ltd. Therefore, the A3 ratings and stable outlooks are aligned,” the agency said in a press release.

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