Moody's Ratings assigns Baa2 rating to Pandora's new senior unsecured notes
Moody's Ratings (Moody's) today assigned a Baa2 rating to Pandora A/S' (Pandora or the company) proposed €500 million senior unsecured notes due 2030. The outlook is stable. The new euro-denominated fixed rate benchmark notes will be issued under Pandora's Euro Medium Term Notes programme. Pandora...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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