Moody’s assigns A3 to CSL Finance notes

Moody’s Ratings said it assigned A3 ratings to CSL Finance plc’s planned sale of $500 million of 5.106% notes due April 2034 and $750 million of 5.417% notes due April 2054.

“CSL is CSL Finance Plc's parent and has unconditionally guaranteed the obligations of the issuer under the notes. Subsidiary guarantors include CSLB Holdings Inc. and CSL Finance Pty Ltd. With the parent guarantee in place, Moody's regards CSL Finance plc's credit risk as being in line with that of CSL. Therefore, the A3 ratings and stable outlooks are aligned,” the agency said in a statement.

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