Moody's assigns a Ba3 rating to Rexel's new senior unsecured notes
Rating Action: Moody's assigns a Ba3 rating to Rexel's new senior unsecured notes. Global Credit Research- 06 Nov 2017. London, 06 November 2017-- Moody's Investors Service, has today assigned a Ba3 rating to Rexel SA's E500 million senior unsecured notes due 2025. Rexel's existing ratings, comprising of Ba2 corporate family rating, Ba2-PD probability of default rating, Ba3 ratings on the company's existing senior unsecured notes and the NP short-term rating of the company's E500...Rexel distributes low and ultra-low voltage electrical products to contractors, industrial and commercial customers (industrial and commercial companies, municipalities, public entities, parts manufacturers and panel builders). Its products are used for new installations, or maintenance & repair of existing installations. Its products covers Electrical Installation Equipment, Conduits and Cables, Lighting, Security & Communication, Climate Control, Tools, White & Brown Products. Co. also offers services to its customers, such as logistics & distribution, technical assistance & training. Co. operates mainly in four geographical areas: Europe, North America, Asia-Pacific and Latin America.
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