Moody's assigns Baa2 rating to Pandora's new senior unsecured notes
Moody's Investors Service (Moody's) has today assigned a Baa2 rating to the proposed €500 million senior unsecured notes due 2028 to be issued by Pandora A/S (Pandora or the company). Concurrently, Moody's assigned a provisional long term (P)Baa2 and short term (P)Prime-2 ratings to the company's €1...Pandora designs, manufactures and markets jewelry made from genuine metals. Co. designs, produces and sells charms, bracelets, rings, necklaces, pendants and earrings. Co.'s products are made from gold, silver, gemstones, cultured pearls and stones and other jewelry materials. Co.'s jewelry is sold in more than 90 countries on six continents through approximately 9,900 points of sale, including more than 1,400 concept stores. Co.'s products are sold globally through such points of sale as concept stores, silver stores, gold stores, shop-in-shops and white stores.
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