Moody's assigns Ba1 rating to Toll Brothers' proposed debt offering; existing Ba1 ratings and stable outlook unchanged
New York, March 07, 2017-- Moody's Investors Service assigned a Ba1 rating to the proposed $300 million of 10- year senior unsecured notes of Toll Brothers Finance Corp., which will be guaranteed by Toll Brothers, Inc. and its principal operating subsidiaries. Moody's anticipates that proceeds of this debt offering, even if upsized, will be devoted ultimately to debt repayment. The proposed offering has no impact on Toll's Ba1 Corporate Family Rating, Ba1-PD Probability of...
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