Moody's lowers Sherwin Williams ratings to Baa3 due to Valspar acquisition; outlook stable
Rating Action: Moody's lowers Sherwin Williams ratings to Baa3 due to Valspar acquisition; outlook stable. Global Credit Research- 02 May 2017. New York, May 02, 2017-- Moody's Investors Service downgraded The Sherwin-Williams Company's long- and short-term debt ratings to reflect the fully debt financed acquisition of Valspar Corporation for a total value of over $11 billion.
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