IHS Chemical Week

Chemical Week Magazine :: Business & Finance :: United States/Americas

Dow refinances debt as Moody’s raises credit rating

9:04 AM MST | November 9, 2012 | —Vincent Valk

In an effort to push out debt maturities, Dow Chemical is issuing $2.5 billion in senior unsecured 10- and 30-year bonds. The 10-year bonds will carry an interest rate of 3%, while the 30-year bonds will have a 4.375% rate. Credit rating agency Moody’s Investors Service (New York) has rated the debt Baa2, in line with Dow’s overall corporate credit rating. Moody’s raised Dow’s rating prior to the bond issue because of “the meaningful decrease in leverage since the Rohm and Haas acquisition in 2009,” Moody’s says, and...

This information is only available to Chemical Week subscribers.

Username:
Password:

Forgot your user ID or password?
Click here to have it sent to you.

Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com

Not an IHS Chemical Week
24/7 member yet?

Here's why you should be:

  • Searchable online archive access of the last 2 years of Chemical Week.
  • Print or digital magazine subscription
  • Price and market change alerts
  • Economic data and statistics
  • Buyers' Guides
  • Webcasts | whitepapers

 

 

 













 
contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2012 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa