Moody's assigns Ba1 rating to Lennar's proposed senior unsecured notes; outlook stable
Approximately $350 million of debt securities affected. New York, January 05, 2017-- Moody's Investors Service assigned a Ba1 rating to Lennar Corporation's proposed new $350 of five-year senior unsecured notes, proceeds of which will be used to fund all or a portion of the cash consideration for the acquisition of WCI Communities, Inc. Lennar's Ba1 Corporate Family Rating, Ba1-PD Probability of Default, Ba1 rating on the company's existing issues of senior unsecured notes, and...
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