Moody's assigns a P-2 rating to Lennox' Commercial Paper Program, outlook stable
Moody's Investors Service (Moody's) assigned a Prime-2 (P-2) senior unsecured short-term rating to Lennox International Inc.'s (Lennox) new $500 million Commercial Paper (CP) Program. Moody's also affirmed the Baa2 rating on the company's senior unsecured notes and (P)Baa2 rating on its senior unsec...Lennox International provides climate control solutions. The company designs, manufactures and markets products for the heating, ventilation, air conditioning and refrigeration markets. The company's segments are: Residential Heating and Cooling, which manufactures and markets furnaces, air conditioners, heat pumps, packaged heating and cooling systems, equipment and accessories, comfort control products, and replacement parts and supplies; Commercial Heating and Cooling, which manufactures and sells unitary heating and cooling equipment; and Refrigeration, which manufactures and markets equipment for the global commercial refrigeration markets under the Heatcraft Worldwide Refrigeration name.
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