Moody's assigns Baa3 to new Northrop Grumman debt
MOODY'S INVESTORS SERVICE assigned mildly positive Baa3 ratings to the three new debt issues worth about $1 billion Northrop Grumman is using to raise money to buy Westinghouse's defense units. Senior debt issues of $400 million in notes at 7%, due 2016, $300 million in debentures at 7.75%, due 2016...
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