Moody's assigns Baa1 rating to Johnson Controls International plc's new notes
Approximately $6.5 billion of new notes to be issued in a debt exchange. No change in consolidated debt balance. New York, November 28, 2016-- Moody's Investors Service assigned Baa1 ratings to the eighteen series of new senior unsecured notes that Johnson Controls International plc will issue to effect a like-for-like exchange of all of the public notes of its subsidiaries, Johnson Controls, Inc. and Tyco International Finance S.A..
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76,000 structured finance obligations
Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.
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