Moody's assigns Ba3 rating to EnerSys' new senior unsecured notes; Ba2 CFR unchanged
Rating Action: Moody's assigns Ba3 rating to EnerSys' new senior unsecured notes; Ba2 CFR unchanged. Global Credit Research- 05 Dec 2019. New York, December 05, 2019-- Moody's Investors Service assigned a Ba3 rating to EnerSys' new senior unsecured notes due 2027. The Ba2 Corporate Family Rating and the Ba2-PD Probability of Default Rating are unchanged.EnerSys is a manufacturer, marketer and distributor of industrial batteries. The company also manufactures, markets and distributes products such as battery chargers, power equipment, battery accessories, and outdoor cabinet enclosures. The company's product lines are: reserve power products, which are used for backup power for the continuous operation of critical applications in telecommunications systems, uninterruptible power systems applications for computer and computer-controlled systems, and other specialty power applications; and motive power products, which are used to provide power for electric industrial forklifts used in manufacturing, warehousing and other material handling applications.
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