Moody's assigns Baa3 to Hexcel Corporation senior unsecured debt. Outlook is stable.
New York, February 13, 2017-- Moody's Investors Service assigned a Baa3 rating to Hexcel's new senior unsecured debt. All other ratings and the stable outlook remain unchanged on to the expectation that the transaction will lead to a very modest increase in leverage and will not weaken the company's strong credit metrics. Proceeds from the new bond offering will be used to pay down borrowings under the existing revolving credit facility and for general corporate purposes,...
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